IN BRIEF

Compartamos Utilities Low 23.2 Percent

In the second quarter of this year, profits of Banco Compartamos, Grupo Financiero Gentera's largest subsidiary, fell by 23.2% in the annual comparison, the institution reported.

According to his report sent to the Bolsa Mexicana de Valores (BMV), the net profits from March to June 2018 amounted to 521 million pesos, an amount lower than the gains recorded in the same period 2017, of 678 million pesos.

The lowest quarterly result derived from decreased financial margin, commissions and fees earned and financial income, as well as increased preventive estimates and operating expenses.

The AL Market

América Móvil, controlled by the family of Carlos Slim owns 19% of the pay-TV market in Latin America, while DirecTV of AT & T comes in first with 18%, according to the consulting firm Dataxis. Latin America reached 71.4 million pay-TV subscribers during this quarter, a decrease of 0.1% from end-2017. "Venezuela, Brazil and Mexico have recorded the largest drops in subscribers. "

Although America Móvil dominates the number of subscribers, DirecTV leads the restricted television business in terms of average revenue per user. In the first quarter, DirecTV records $ 35 of average revenue per user, followed by América Móvil, with $ 25.

Industrial activity rebounds

After recording a monthly decline in April this year, the Mexican economy recovered in May thanks to the growth of the three major divisions that make up, notably because of the dynamism of the services sector, according to the data of Inegi.

IGAE, a kind of monthly GDP, rose 0.5% in real terms during the month of May. 2018 compared to the previous month, according to figures adjusted for seasonality, a rate higher than 0.4% estimated by the consensus of analysts.

This after reporting a monthly decline of 0.6% in April. Despite the above, analysts are not as optimistic about economic activity for the rest of the year.

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