LatAm Autos deliver Record sales in August

LatAm Autos Limited (ASX: LAA) announced that it achieved record sales in its Mexican FinTech business again in August 2019 and re-confirms that company is on its track for a good quarter for its Mexican FinTech business.

  • Delivered 13% growth as compared to previous month;
  • Delivered 62% growth YoY compare to August 2018.

August 2019 was also a record month in terms of revenue for both the Motorfy Credit Mexico product and full suite of Motorfy Mexico products;

  • 39% growth was seen YoY for the Motorfy Credit Mexico over the previous record month July 2019;
  • 30% growth YoY compared to August 2018 for all Motorfy Mexico products.

At 12:03 PM AEST, the stock was trading at A$0.059, 7.273% up from its previous close.

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