The group also improved its past-due portfolio, whose percentage stood at 2.8% from 5.8% in the first quarter of last year. The company did not detail how much the purchases made through its consumer loans contribute to total sales.
The company directed by Patrick Slim Domit reported an operating flow of 1,086 million pesos, a growth of 228.3% compared to the previous year, with a margin that improved from 3.2% to 8.0%.
Along the same lines, the controlling net profit was 494 million pesos, from the loss of 196 million in the first quarter of last year.
Grupo Sanborns said that the categories that showed the greatest growth are those of durable goods, to which was added the recovery of the fashion and restaurant categories.
Investments in fixed assets as of March 31, 2022 totaled 94.6 million pesos, an amount that was 56.7% higher than the 60.4 million of the previous year, this was mainly due to the acquisition of furniture and equipment, store remodeling and the opening of iShop Tulum, in the state of Quintana Roo, the only store opening during the quarter.