SECURITIES AND EXCHANGE COMMISSION

~~Washington,~~WASHINGTON D.C. 20549

FORM 6-K

~~Report~~REPORT ofOF ~~Foreign~~FOREIGN ~~Private~~ISSUER ~~IssuerPursuant~~PURSUANT toTO RULE ~~Rule~~ 13a-16 orOR 15d-16 ofOF ~~the~~THE SECURITIES EXCHANGE ACT OF 1934

~~Securities~~April ~~Exchange~~27, ~~Act of 1934~~2006

For the month of January, 2006

GRUPO ELEKTRA, S.A. de C.V.

(Exact name of registrant as specified in its charter)

Edificio Parque Cuicuilco (Esmeralda) Insurgentes Sur No. 3579 Col. Tlalpan 14000 Mexico, D.F., Mexico (Address of principal executive offices)

1-13200 (~~Address~~Commission ofFile ~~principal executive offices~~Number)

~~Form~~ [Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F ~~___X___ Form~~or Form 40-F ~~_______~~.]


Form 20-F [X]		Form 40-F [ ]

[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]

Yes ~~_______~~ [ ] No ~~___X____~~[X]

[If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .]

~~GRUPO~~MEXICAN ~~ELEKTRA~~STOCK ~~RENEWS AGREEMENT~~ EXCHANGE ~~WITH~~SIFIC ~~WESTERN~~/ ~~UNION FOR SIX YEARS~~ ICS

~~–Renewal~~STOCK ~~Confirms~~EXCHANGE ~~the~~CODE: ~~Enormous~~ELEKTRA ~~Value~~Quarter: ~~Represented~~1 byYear: ~~Grupo Elektra’s Distribution Network– –Adds the Points of Sale of Vigo Remittance Corp.– –Consolidates Leadership and Strengthens Business Strategy–~~2006

~~México~~GRUPO ~~City~~ELEKTRA, ~~January 16, 2006 Grupo Elektra,~~ S.A. deDE C.V. (BMV: ELEKTRA*; Latibex: XEKT), the leading retail, consumer finance and banking and financial services provider in Latin America, announced today that it renewed its money transfer agreement with Western Union. The renewal confirms the enormous value represented by Grupo Elektra’s large distribution network.

InCONSOLIDATED ~~1996,~~BALANCE ~~Grupo~~SHEETS AT ~~Elektra~~MARCH ~~and Western Union signed a 10-year agreement through which Group Elektra—through its Elektra~~31, ~~Salinas~~2006 yAND ~~Rocha~~2005 (Thousands ~~and~~of ~~Bodega~~Mexican dePesos ~~Remates~~of ~~stores~~March 31, as2006 ~~well~~purchasing ~~as its Banco Azteca branches—became a~~power) ~~paying agent for money transfers to Mexico.~~

Grupo Elektra has proven experience in the money transfer and payments industry since 1994. During the last 12 years the company has made over 36 million payments totaling more than US$9 billion.


REF			CURRENT YEAR						PREVIOUS YEAR
S		CONCEPTS	Amount			%			Amount			%

	s1	TOTAL ASSETS		53,032,367			100	%		41,971,718			100	%

	s2	CURRENT ASSETS		45,577,874			86	%		34,559,068			82	%
	s3	CASH AND SHORT-TERM INVESTMENTS		23,125,797			44	%		17,751,940			42	%
	s4	ACCOUNTS AND NOTES RECEIVABLE (NET)		16,007,307			30	%		11,870,950			28	%
	s5	OTHER ACCOUNTS AND NOTES RECEIVABLE (NET)		1,635,628			3	%		557,642			1	%
	s6	INVENTORIES		3,176,482			6	%		3,314,217			8	%
	s7	OTHER CURRENT ASSETS		1,632,660			3	%		1,064,319			3	%
	s8	LONG-TERM		1,151,880			2	%		996,819			2	%
	s9	ACCOUNTS AND NOTES RECEIVABLE (NET)		—			0	%		—			0	%
	s10	INVESTMENT IN SHARES OF NON-CONSOLIDATED		1,151,880			2	%		996,819			2	%
		SUBSIDIARIES AND ASSOCIATES		—			0	%		—			0	%
	s11	OTHER INVESTMENTS		—						—
	s12	PROPERTY, PLANT AND EQUIPMENT		5,430,325			10	%		5,610,222			13	%
	s13	LAND AND BUILDINGS		3,458,626			7	%		3,425,495			8	%
	s14	MACHINERY AND INDUSTRIAL EQUIPMENT		309,203			1	%		379,253			1	%
	s15	OTHER EQUIPMENT		5,789,681			11	%		5,787,385			14	%
	s16	ACCUMULATED DEPRECIATION		(4,127,185	)		-8	%		(3,981,911	)		-9	%
	s17	CONSTRUCTION IN PROGRESS					0	%					0	%
	s18	OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)		791,949			1	%		775,228			2	%
	s19	OTHER ASSETS		80,339			0	%		30,381			0	%

	s20	TOTAL LIABILITIES		42,278,719			100	%		33,601,088			100	%

	s21	CURRENT LIABILITIES		35,670,259			84	%		27,331,155			81	%
	s22	SUPPLIERS		3,600,312			9	%		4,481,254			13	%
	s23	BANK LOANS					0	%					0	%
	s24	STOCK MARKET LOANS		904,413			2	%		1,052,705			3	%
	s25	TAXES PAYABLE		158,375			0	%		127,744			0	%
	s26	OTHER CURRENT LIABILITIES		31,007,159			73	%		21,669,452			64	%
	s27	LONG-TERM LIABILITIES		5,010,430			12	%		4,648,219			14	%
	s28	BANK LOANS		1,980,630			5	%		1,959,496			6	%
	s29	STOCK MARKET LOANS		2,048,800			5	%		2,688,723			8	%
	s30	OTHER LOANS		981,000			2	%					0	%
	s31	DEFERRED LIABILITIES		555,516			1	%		433,136			1	%
	s32	OTHER NOT CURRENT LIABILITIES		1,042,514			2	%		1,188,578			4	%

	s33	CONSOLIDATED STOCKHOLDERS’ EQUITY		10,753,648			100	%		8,370,630			100	%

	s34	MINORITY INTEREST					0	%		—			0	%
	s35	MAJORITY INTEREST		10,753,648			100	%		8,370,630			100	%
	s36	CONTRIBUTED CAPITAL		1,706,958			16	%		1,854,401			22	%
	s79	CAPITAL STOCK		747,282			7	%		758,636			9	%
	s39	PREMIUM ON ISSUANCE OF SHARES		959,676			9	%		1,095,765			13	%
	s40	CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES		—			0	%		—			0	%
	s41	EARNED CAPITAL		9,046,690			84	%		6,516,229			78	%
	s42	RETAINED EARNINGS AND CAPITAL RESERVES		15,038,356			140	%		11,858,583			142	%
	s44	OTHER ACCUMULATED COMPREHENSIVE RESULT		(5,268,151	)		-49	%		(4,898,544	)		-59	%
	s80	SHARED REPURCHASED		(723,515	)		-7	%		(443,810	)		-5	%

~~With~~MEXICAN ~~approximately~~STOCK ~~1,400 stores and banking branches, a solid experience in systems, communications, cutting-edge technology, and the trust of millions of Mexicans in its brands throughout 100 years of company~~EXCHANGE ~~operations,~~SIFIC ~~Grupo~~/ ~~Elektra is a leader in a very competitive sector. The market includes participants such as banks, retailers, telegraph offices, among others, with more than 10,000 points of payment in Mexico.~~ ICS

~~“The~~STOCK ~~alliance~~EXCHANGE ~~renewed~~CODE: ~~today~~ELEKTRA ~~between~~Quarter: ~~Grupo~~1 ~~Elektra~~Year: and Western Union—a company with 50,000 points of sale in the U.S.—has contributed towards an 80% reduction in the overall cost of transfers from our neighboring country to Mexico within the last 12 years, benefiting millions of Mexican families,” commented Javier Sarro Cortina, CEO of Grupo Elektra. “In addition, the Elektra and Western Union brands today represent security, speed and trust for millions of low-income families in Mexico and Latin America.”2006

~~The~~GRUPO ~~renewed contract has a six-year and one month term~~ELEKTRA, ~~and similar financial conditions to the prior agreement~~S.A. ~~The~~DE ~~contract also includes competitive advantages in the management of brands and marketing~~C. V.

AsCONSOLIDATED ~~part~~BALANCE ofSHEETS BREAKDOWN ~~the~~OF ~~agreements,~~MAIN ~~Grupo Elektra will receive financial resources of US$190 million, will be able to expand its distribution network in other channels besides its own, and in addition to the Western Union brand,~~CONCEPTS it(Thousands ~~will become a paying agent~~ of ~~Vigo~~Mexican ~~Remittance~~Pesos ~~Corp.—a leading international money transfers company—in Mexico. Through this, Grupo Elektra will further increase the options for the users~~ of ~~electronic money transfers between the U.S. and Mexico. Since 2004~~March 31, ~~the~~2006 ~~company~~purchasing ~~operates as a paying agent of Vigo Remittance Corp. for money transfers to Guatemala and Honduras.~~ power)

At the close of 2005, Grupo Elektra totaled 7.6 million transactions worth US$2 billion. With the new agreement the company consolidates its leadership and contributes to improve the quality of life of millions of Mexicans and Latin Americans.


REF			CURRENT YEAR					PREVIOUS YEAR
S		CONCEPTS	Amount		%			Amount		%

	s03	CASH AND SHORT-TERM INVESTMENTS		23,125,797		100	%		17,751,940		100	%
	s46	CASH		3,037,840		13	%		1,714,620		10	%
	s47	SHORT-TERM INVESTMENTS		20,087,957		87	%		16,037,320		90	%

	s7	OTHER CURRENT ASSETS		1,632,660		100	%		1,064,319		100	%
	s81	DERIVATE FINANCIAL INSTRUMENTS		737,250		45	%		204,058		19	%
	s82	DISCONTINUED OPERATIONS		—		0	%		—		0	%
	s83	OTHERS		895,410		55	%		860,261		81	%

	s18	OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)		791,949		100	%		775,228		100	%
	s48	DEFERRED EXPENSES (NET)		—		0	%		—		0	%
	s49	GOODWILL		791,949		100	%		775,228		100	%
	s51	OTHER		—		0	%		—		0	%

	s19	OTHER ASSETS		80,339		100	%		30,381		100	%
	s84	INTANGIBLE ASSET FORM LABOR OBLIGATIONS		—		0	%		—		0	%
	s85	DERIVATE FINANCIAL INSTRUMENTS		—		0	%		—		0	%
	s50	DEFERRED TAXES		—		0	%		—		0	%
	s86	DISCONTINUED OPERATIONS		—		0	%		—		0	%
	s87	OTHERS		80,339		100	%		30,381		100	%

	s21	CURRENT LIABILITIES		35,670,259		100	%		27,331,155		100	%
	s52	FOREIGN CURRENCY LIABILITIES		1,002,918		3	%		211,085		1	%
	s53	MEXICAN PESOS LIABILITIES		34,667,341		97	%		27,120,070		99	%

	s26	OTHER CURRENT LIABILITIES		31,007,159		100	%		21,669,452		100	%
	s88	DERIVATE FINANCIAL INSTRUMENTS		—		0	%		—		0	%
	s89	INTERES LIABILITIES		1,649		0	%		—		0	%
	s68	PROVISIONS		823,335		3	%		470,099		2	%
	s90	DISCONTINUED OPERATIONS		—		0	%		—		0	%
	s58	OTHER CURRENT LIABILITIES		30,182,175		97	%		21,199,353		98	%

	s27	LONG-TERM LIABILITIES		5,010,430		100	%		4,648,219		100	%
	s59	FOREIGN CURRENCY LIABILITIES		981,000		20	%		—		0	%
	s60	MEXICAN PESOS LIABILITIES		4,029,430		80	%		4,648,219		100	%

	s31	DEFERRED LIABILITIES		555,516		100	%		433,136		100	%
	s65	NEGATIVE GOODWILL		—		0	%		—		0	%
	s67	OTHER		555,516		100	%		433,136		0	%

	s32	OTHER NOT CURRENT LIABILITIES		1,042,514		100	%		1,188,578		100	%
	s66	DEFERRED TAXES		788,310		76	%		1,019,165		86	%
	s91	OTHER LIABILITIES IN RESPECT OF SOCIAL INSURANCE		140,224		13	%		99,431		8	%
	s92	DISCONTINUED OPERATIONS		—		0	%		—		0	%
	s69	OTHER LIABILITIES		113,980		11	%		69,982		6	%

	s79	CAPITAL STOCK		747,282		100	%		758,636		100	%
	s37	CAPITAL STOCK ( NOMINAL)		544,630		73	%		564,274		74	%
	s38	RESTATEMENT OF CAPITAL STOCK		202,652		27	%		194,362		26	%

~~Grupo~~MEXICAN ~~Elektra~~STOCK ~~is Latin America's leading specialty retailer, consumer finance and banking services company. Grupo Elektra sells retail goods and services through its Elektra, Salinas y Rocha, Bodega de~~EXCHANGE ~~Remates~~SIFIC ~~and~~/ Elektricity stores and over the Internet. The Group operates more than 1,000 stores in Mexico, Guatemala, Honduras, Peru and Panama. Grupo Elektra also sells and markets its consumer finance, banking and financial products andICS services through approximately 1,400 Banco Azteca branches located within its stores, as a stand-alone, and in other channels in Mexico and Panama. Banking and financial services include loans, electronic money transfer services, extended warranties, demand deposits, pension-fund management, insurance, and credit information services.

STOCK EXCHANGE CODE: ELEKTRA
GRUPO ELEKTRA, S.A. DE C.V.

CONSOLIDATED BALANCE SHEETS
BREAKDOWN OF MAIN CONCEPTS
(Thousands of Mexican Pesos of March 31, 2006 purchasing power)


REF			CURRENT YEAR						PREVIOUS YEAR
S		CONCEPTS	Amount			%			Amount			%

	s42	RETAINED EARNINGS AND CAPITAL RESERVES		15,038,356			100	%		11,858,583			100	%
	s93	LEGAL RESERVE		116,731			1	%		116,731			1	%
	s43	RESERVE FOR REPURCHASE OF SHARES		890,510			6	%		890,510			8	%
	s94	OTHER RESERVES		—			0	%		—			0	%
	s95	RETAINED EARNINGS		13,043,860			87	%		10,314,832			87	%
	s45	NET INCOME FOR THE YEAR		987,255			7	%		536,510			5	%

	s44	OTHER ACCUMULATED COMPREHENSIVE RESULT		(5,268,151	)		100	%		(4,898,544	)		100	%
	s70	ACCUMULATED MONETARY RESULT		—			0	%					0	%
	s71	RESULT FROM HOLDING NON-MONETARY ASSETS		(5,377,168	)		104	%		(5,058,676	)		105	%

	s96	CUMULATIVE RESULT FROM FOREIGN CURRENCY TRANSLATION		83,476			-2	%		83,122			-2	%

	s97	CUMULATIVE RESULT FROM DERIVATE FINANCIAL INSTRUMENTS		25,541			0	%		77,010			-2	%

	s98	CUMULATIVE EFFECT OF DEFERRED INCOME TAXES		—			0	%		—			0	%
	s99	LABOR OBLIGATION ADJUSTMENT		—			0	%		—			0	%

	s100	OTHER		—			0	%		—			0	%

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CONSOLIDATED FINANCIAL STATEMENTS
OTHER CONCEPTS
(Thousands of Mexican Pesos of March 31, 2006 purchasing power)


REF			CURRENT YEAR		PREVIOUS YEAR
S		CONCEPTS	Amount		Amount

	s72	WORKING CAPITAL		9,907,615		7,227,913
	s73	PENSION AND SENIORITY PREMIUMS		140,224		99,431
	s74	EXECUTIVES (*)		229		166
	s75	EMPLOYEES (*)		38,121		28,344
	s76	WORKERS (*)				—
	s77	OUTSTANDING SHARES (*)		236,537,767		244,094,567
	s78	REPURCHASED SHARES (*)		9,002,000		5,784,640
	s101	RESTRICTED CASH		4,388,158		1,722,074
	s102	NOT DEBT OF NON CONSOLIDATED COMPANIES		—		—


		(*) THESE CONCEPTS ARE STATED IN UNITS

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CONSOLIDATED INCOME STATEMENT
FROM JANUARY 1st TO MARCH 31, 2006 AND 2005
(Thousands of Mexican Pesos of March 31, 2006 purchasing power)


REF			CURRENT YEAR				PREVIOUS YEAR
R		CONCEPTS	Amount			%	Amount		%

	r01	NET SALES		8,042,927		100%		7,430,627		100	%
	r02	COST OF GOODS SOLD		4,187,898		52%		4,044,923		54	%
	r03	GROSS PROFIT		3,855,029		48%		3,385,704		46	%
	r04	OPERATING EXPENSES		3,001,652		37%		2,641,264		36	%
	r05	OPERATING INCOME		853,377		11%		744,440		10	%
	r06	COMPREHENSIVE FINANCING RESULT		(491,625	)	-6%		109,945		1	%
	r07	INCOME AFTER COMPREHENSIVE FINANCING RESULT		1,345,002		17%		634,495		9	%
	r08	OTHER EXPENSE AND INCOME (NET)				0%				0	%
	r44	SPECIAL ITEMS		—				—
	r09	INCOME BEFORE INCOME TAXES AND EMPLOYEES’ PROFIT SHARING		1,345,002		17%		634,495		9	%
	r10	PROVISION FOR INCOME TAXES AND EMPLOYEES’ PROFIT SHARING		390,051		5%		110,122		1	%
	r11	NET INCOME AFTER TAXES AND EMPLOYEES’ PROFIT SHARING		954,951		12%		524,373		7	%
	r12	EQUITY NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES AND ASSOCIATES		32,304		0%		12,137		0	%
	r13	CONSOLIDATED NET INCOME OF CONTINUING OPERATIONS		987,255		12%		536,510		7	%
	r14	INCOME FORM DISCONTINUED OPERATIONS								0	%
		CONSOLIDATED NET INCOME BEFORE EXTRAORDINARY ITEMS		—				—
	r15	CONSOLIDATED NET INCOME BEFORE EXTRAORDINARY ITEMS		987,255		12%		536,510		7	%
	r16	EXTRAORDINARY ITEMS — NET EXPENSE (INCOME)
	r17	CUMULATIVE EFFECT FROM ACCOUNTING CHANGE NET
	r18	NET CONSOLIDATED INCOME		987,255		12%		536,510		7	%
	r19	NET INCOME OF MINORITY STOCKHOLDERS		—		0%		—		0	%
	r20	NET INCOME OF MAJORITY STOCKHOLDERS		987,255		12%		536,510		7	%

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CONSOLIDATED INCOME STATEMENT
MAIN CONCEPTS BREAKDOWN
(Thousands of Mexican Pesos of March 31, 2006 purchasing power)


REF			CURRENT YEAR				PREVIOUS YEAR
R		CONCEPTS	Amount			%	Amount			%

	r01	NET SALES		8,042,927		100%		7,430,627			100	%
	r21	DOMESTIC		7,316,938		91%		6,840,048			92	%
	r22	FOREIGN		725,989		9%		590,579			8	%
	r23	TRANSLATED INTO DOLLARS (***)		66,605		1%		52,872			1	%

	r06	INTEGRAL FINANCING COST		(491,625	)	100%		109,945			100	%
	r24	INTEREST EXPENSE		151,715		-31%		164,853			150	%
	r42	GAIN (LOSS) ON RESTATEMENT FOR UDI’S		—		0%		—			0	%
	r45	OTHER FINANCE COSTS		—		0%		—			0	%
	r26	INTEREST INCOME		(35,957	)	7%		(27,715	)		-25	%
	r46	OTHER FINANCIAL PRODUCTS		(466,289	)	95%		—			0	%
	r25	FOREIGN EXCHANGE LOSS (GAIN) (NET)		(96,530	)	20%		(8,631	)		-8	%
	r28	RESULT FROM MONETARY POSITION		(44,564	)	9%		(18,562	)		-17	%

	r10	PROVISION FOR INCOME TAXES AND EMPLOYEES’ PROFIT SHARING		390,051		100%		110,122			100	%

	r32	INCOME TAX		501,138		128%		129,992			118	%
	r33	DEFERRED INCOME TAX		(111,087	)	-28%		(19,870	)		-18	%
	r34	EMPLOYEES’ PROFIT SHARING EXPENSES		—		0%		—			0	%
	r35	DEFERRED EMPLOYEES’ STATUTORY PROFIT SHARING		—		0%		—			0	%


		(***) THOUSANDS OF U.S. DOLLARS

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CONSOLIDATED INCOME STATEMENT
OTHER INFORMATION
(Thousands of Mexican Pesos of March 31, 2006 purchasing power)


REF			CURRENT YEAR		PREVIOUS YEAR
R		CONCEPTS	Amount		Amount

	r36	TOTAL SALES		8,042,927		7,430,627
	r37	TAX RESULT FOR THE YEAR		1,728,062		433,307
	r38	NET SALES (**)		32,697,802		28,883,889
	r39	OPERATING INCOME (**)		3,968,007		3,147,934
	r40	INCOME OF MAJORITY STOCKHOLDERS (**)		3,453,632		1,882,786
	r41	NET CONSOLIDATED INCOME (**)		3,453,632		1,883,182
	r47	OPERATIVE DEPRECIATION AND ACCUMULATED IMPARIMENT LOSSES		340,819		317,066


		(***) LAST TWELVE MONTHS INFORMATION

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

QUARTERLY CONSOLIDATED INCOME STATEMENT
FROM JANUARY 1st TO MARCH 31, 2006 AND 2005
(Thousands of Mexican Pesos of March 31, 2006 purchasing power)


REF			CURRENT YEAR						PREVIOUS YEAR
RT		CONCEPTS	Amount			%			Amount		%

	r1	NET SALES		8,042,927			100	%		7,430,627		100	%
	r2	COST OF SALES		4,187,898			52	%		4,044,923		54	%
	r3	GROSS PROFIT		3,855,029			48	%		3,385,704		46	%
	r4	OPERATING EXPENSES		3,001,652			37	%		2,641,264		36	%
	r5	OPERATING INCOME		853,377			11	%		744,440		10	%
	r6	INTEGRAL FINANCING COST		(491,625	)		-6	%		109,945		1	%
	r7	INCOME AFTER INTEGRAL FINANCING COST		1,345,002			17	%		634,495		9	%
	r8	OTHER EXPENSE AND INCOME ( NET )		—			0	%		—		0	%
	r44	SPECIAL ITEMS		—			0	%		—		0	%
	r9	INCOME BEFORE INCOME TAXES AND EMPLOYEES’ PROFIT SHARING		1,345,002			17	%		634,495		9	%
	r10	PROVISIONS FOR INCOME TAXES AND EMPLOYEES’ PROFIT SHARING		390,051			5	%		110,122		1	%
	r11	NET INCOME AFTER TAXES AND EMPLOYEES’ PROFIT SHARING		954,951			12	%		524,373		7	%
	r12	EQUITY IN INCOME OF NON-CONSOLIDATED SUBSIDIARIES AND ASSOCIATES		32,304			0	%		12,137		0	%
	r13	CONSOLIDATED NET INCOME OF CONTINUING OPERATIONS		987,255			12	%		536,510		7	%
	r14	INCOME FROM DISCONTINUED OPERATIONS										0	%
	r15	CONSOLIDATED NET INCOME BEFORE EXTRAORDINARY ITEMS		987,255			12	%		536,510		7	%
	r16	EXTRAORDINARY ITEMS — NET EXPENSE (INCOME)		—			0	%		—		0	%
	r17	CUMULATIVE EFFECT FROM ACCOUNTING CHANGE NET

	r18	NET CONSOLIDATED INCOME		987,255			12	%		536,510		7	%
	r19	NET INCOME OF MINORITY INTEREST		—			0	%		—		0	%
	r20	NET INCOME OF MAJORITY INTEREST		987,255			12	%		536,510		7	%

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

QUARTERLY CONSOLIDATED INCOME STATEMENT
MAIN CONCEPTS BREAKDOWN
(Thousands of Mexican Pesos of March 31, 2006 purchasing power)


REF			CURRENT YEAR						PREVIOUS YEAR
RT		CONCEPTS	Amount			%			Amount			%

	r01	NET SALES		8,042,927			100	%		7,430,627			100	%
	r21	DOMESTIC		7,316,938			91	%		6,840,048			92	%
	r22	FOREIGN		725,989			9	%		590,579			8	%
	r23	TRASLATED INTO DOLLARS (***)					0	%		—			0	%

	r06	INTEGRAL FINANCING COST		(491,625	)		100	%		109,945			100	%
	r24	INTEREST EXPENSE		151,715			-31	%		164,853			150	%
	r42	LOSS (GAIN) ON RESTATEMENT OF UDI’S		—			0	%		—			0	%
	r45	OTHER FINANCE COSTS		—			0	%		—			0	%
	r26	INTEREST INCOME		(35,957	)		7	%		(27,715	)		-25	%
	r46	OTHER FINANCIAL PRODUCTS		(466,289	)		95	%					0	%
	r25	FOREIGN EXCHANGE LOSS (GAIN) (NET)		(96,530	)		20	%		(8,631	)		-8	%
	r28	RESULT FROM MONETARY POSITION		(44,564	)		9	%		(18,562	)		-17	%

	r10	PROVISIONS FOR INCOME TAXES AND EMPLOYEES’ PROFIT SHARING		390,051			100	%		110,122			100	%
	r32	INCOME TAX		501,138			128	%		129,992			118	%
	r33	DEFERRED INCOME TAX		(111,087	)		-28	%		(19,870	)		-18	%
	r34	EMPLOYEES’ PROFIT SHARING EXPENSES		—			0	%		—			0	%
	r35	DEFERRED EMPLOYEES’ PROFIT SHARING		—			0	%		—			0	%
	r47	OPERATIVE DEPRECIATION AND ACCUMULATED IMPARIMENT LOSSES		340,819			87	%		317,066			288	%


		(***) THOUSANDS OF U.S. DOLLARS

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION
FROM JANUARY 1st TO MARCH 31, 2006 AND 2005
(Thousands of Mexican Pesos of March 31, 2006 purchasing power)

REF

CURRENT YEAR

PREVIOUS YEAR

CONCEPTS

Amount

c01

CONSOLIDATED NET INCOME

987,255

536,510

c02

+ ( – ) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE USING RE- SOURCES

524,044

597,754

c03

RESOURCES FROM NET INCOME FOR THE YEAR

1,511,299

1,134,264

c04

RESOURCES PROVIDED OR USED IN OPERATION

1,034,381

3,402,884

c05

RESOURCES PROVIDED BY (USED FOR) OPERATING ACTIVITIES

2,545,680

4,537,148

c06

RESOURCES PROVIDED BY (USED FOR) EXTERNAL FINANCING ACTIVITIES

773,397

(310,846

)

c07

RESOURCES PROVIDED BY (USED FOR) INTERNAL FINANCING ACTIVITIES

—

23,356

c08

RESOURCES PROVIDED BY (USED FOR) FINANCING ACTIVITIES

773,397

(287,490

)

c09

RESOURCES PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES

(242,267

)

(437,769

)

c10

NET INCREASE (DECREASE) IN CASH AND SHORT-TERM INVESTMENTS

3,076,810

3,811,889

c11

CASH AND SHORT-TERM INVESTMENTS AT THE BEGINNING OF PERIOD

20,048,987

13,940,051

c12

CASH AND SHORT-TERM INVESTMENTS AT THE END OF PERIOD

23,125,797

17,751,940

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION
FROM JANUARY 1st TO MARCH 31, 2006 AND 2005
(Thousands of Mexican Pesos of March 31, 2006 purchasing power)


REF			CURRENT YEAR			PREVIOUS YEAR
C		CONCEPTS	Amount			Amount

	c02	+ ( – ) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE USING RESOURCES		524,044			597,754
	c13	+ DEPRECIATION AND AMORTIZATION FOR THE YEAR		340,819			317,066
	c41	+( – ) OTHER ITEMS		183,225			280,688

	c04	RESOURCES PROVIDED OR USED IN OPERATION		1,034,381			3,402,884
	c18	+ ( – ) (INCREASE) DECREASE IN ACCOUNTS RECEIVABLE		(931,512	)		(374,755	)
	c19	+ ( – ) (INCREASE) DECREASE IN INVENTORIES		1,119,450			487,242
	c20	+ ( – ) (INCREASE) DECREASE IN OTHER ACCOUNTS RECEIVABLES		682,049			1,167,790
	c21	+ ( – ) INCREASE (DECREASE) IN SUPPLIERS		(992,701	)		(126,412	)
	c22	+ ( – ) INCREASE (DECREASE) IN OTHER LIABILITIES		1,157,095			2,249,019

	c06	RESOURCES PROVIDED BY (USED FOR) EXTERNAL FINANCING ACTIVITIES		773,397			(310,846	)
	c23	+ BANK FINANCING		48,312			96,005
	c24	+ STOCK MARKET FINANCING		(828,184	)		(28,116	)
	c25	+ DIVIDEND RECEIVED		—			—
	c26	+ OTHER FINANCING		1,553,269			(378,228	)
	c27	( – ) BANK FINANCING AMORTIZATION		—			—
	c28	( – ) STOCK MARKET FINANCING AMORTIZATION		—			—
	c29	( – ) OTHER FINANCING AMORTIZATION		—			(507	)
	c42	+ ( – ) OTHER ITEMS		—			—

	c07	RESOURCES PROVIDED BY (USED FOR) INTERNAL FINANCING ACTIVITIES		—			23,356
	c30	INCREASE (DECREASE) IN CAPITAL STOCK		—			—
	c31	( – ) DIVIDENDS PAID		—			—
	c32	´+ PREMIUM ON ISSUANCE OF SHARES		—			23,356
	c33	+ CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES		—			—
	c43	OTHER ITEMS		—			—

	c09	RESOURCES PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES		(242,267	)		(437,769	)

	c34	+ ( – ) (INCREASE) DECREASE IN PERMANENT INVESTMENTS		(56,067	)		—
	c35	+ ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT		(186,200	)		(437,769	)
	c36	( – ) INCREASE IN CONSTRUCTION IN PROGRESS		—			—
	c37	SALE OF OTHER PERMANENT INVESTMENTS		—			—
	c38	SALE OF TANGIBLE FIXED ASSETS		—			—
	c39	OTHER ITEMS		—			—

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

FINANCIAL RATIOS
CONSOLIDATED FINANCIAL STATEMENTS


REF			CURRENT YEAR			PREVIOUS YEAR
P		CONCEPTS

		YIELD
	p01	NET INCOME TO NET SALES		12.27	%		7.22		%
	p02	NET INCOME TO STOCKHOLDERS ´EQUITY (**)		32.11	%		22.49		%
	p03	NET INCOME TO TOTAL ASSETS (**)		6.51	%		4.48		%
	p04	CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME		—	%		—		%
	p05	RESULT FROM MONETARY POSITION TO NET INCOME		—	%		—		%

		ACTIVITY
	p06	NET SALES TO TOTAL ASSETS (**)		0.61	times		0.68		times
	p07	NET SALES TO FIXED ASSETS (**)		6.02	times		5.14		times
	p08	INVENTORIES TURNOVER (**)		4.12	times		4.15		times
	p09	ACCOUNTS RECEIVABLE IN DAYS OF SALES		156	days		125		days
	p10	PAID INTEREST TO TOTAL LIABILITIES WITH COST (**)		8.35	%		8.00		%

		LEVERAGE
	p11	TOTAL LIABILITIES TO TOTAL ASSETS		79.72	%		80.05		%
	p12	TOTAL LIABILITIES TO STOCKHOLDERS ´EQUITY		3.93	times		4.01		times
	p13	FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIES		4.69	%		0.62		%
	p14	LONG-TERM LIABILITIES TO FIXED ASSETS		92.26	%		82.85		%
	p15	OPERATING INCOME TO INTEREST PAID		5.62	times		4.51		times
	p16	NET SALES TO TOTAL LIABILITIES (**)		0.77	times		0.85		times

		LIQUIDITY
	p17	CURRENT ASSETS TO CURRENT LIABILITIES		1.27	times		1.26		times
	p18	CURRENT ASSETS LESS INVENTORIES TO CURRENT LIABILITIES		1.18	times		1.14		times
	p19	CURRENT ASSETS TO TOTAL LIABILITIES		1.07	times		1.02		times
	p20	AVAILABLE ASSETS TO CURRENT LIABILITIES		64.83	%		64.95		%

		STATEMENTS OF CHANGES
	p21	RESOURCES FROM NET INCOME TO NET SALES		18.79	%		15.26		%
	p22	RESOURCES FROM CHANGES IN WORKING CAPITAL TO
		NET SALES		12.86	%		45.79		%
	p23	RESOURCES GENERATED (USED) IN OPERATING TO
		INTEREST PAID		16.77	times		27.52		times
	p24	EXTERNAL FINANCING TO RESOURCES PROVIDED BY
		(USED FOR) FINANCING		100.00	%		108.12		%
	p25	INTERNAL FINANCING TO RESOURCES PROVIDED BY
		(USED FOR) FINANCING		—	%		(8.12	)	%
	p26	ADQUISITION OF PROPERTY, PLANT AND EQUIPMENT
		TO RESOURCES PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES		76.85	%		100.00		%

(**) LAST TWELVE MONTHS INFORMATION

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

PER SHARE DATA
CONSOLIDATED FINANCIAL STATEMENTS

REF

CURRENT YEAR

PREVIOUS YEAR

CONCEPTS

d01

BASIC PROFIT PER ORDINARY SHARE (**)

14.66

7.75

d02

BASIC PROFIT PER PREFERRED SHARE (**)

—

d03

DILUTED PROFIT PER ORDINARY SHARE (**)

—

d04

CONTINUING OPERATING PROFIT PER COMMON SHARE (**)

14.66

4.64

d05

EFFECT OF DISCONTINUED OPERATIONS ON CONTINUING OPERATING PROFIT PER SHARE (**)

—

d06

EFFECT OF EXTRAORDINARY PROFIT AND LOSS ON CONTINUING OPERATING PROFIT PER SHARE (**)

—

3.11

d07

EFFECT BY CHANGES IN ACCOUNTING POLICIES ON CONTINUING OPERATING PROFIT PER SHARE (**)

—

d08

CARRYNG VALUE PER SHARE

45.46

34.29

d09

CASH DIVIDEND ACCUMULATED PER SHARE

—

d10

DIVIDEND IN SHARES PER SHARE

— shares

d11

MARKET PRICE TO CARRY VALUE

2.44 times

2.61 times

d12

MARKET PRICE TO BASIC PROFIT PER ORDINARY SHARE (**)

7.57 times

11.55 times

d13

MARKET PRICE TO BASIC PROFIT PER PREFERENT SHARE (**)

— times


		(**) LAST TWELVE MONTHS INFORMATION

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. COMPANY ACTIVITY

Grupo Elektra, S. A. de C. V. (Grupo Elektra) and its subsidiaries (the Company) are mainly engaged in the sale of household and major appliances, household furniture, cellular telephones and personal computers through a chain of 939 stores in Mexico and 85 in El Salvador, Guatemala, Peru and Honduras (LAM). The Company operates four store formats: Elektra, Salinas y Rocha, Bodega de Remates and Elektricity.

Additionally, the Company offers a series of financial products and services, the most important of which are granting loans for purchases of durable goods, personal loans, receiving deposits and opening savings and investment accounts, as well as performing money transfer services from the United States to Mexico and within Mexico, and performing money transfers from Mexico to Guatemala, Honduras and Peru.

In April 2002 Grupo Elektra received authorization from Mexico’s Treasury Ministry to operate a Retirement Savings Fund Administrator named Afore Azteca, S. A. de C. V. (AAZ). The fund began operations in July 2003.

Grupo Elektra received authorization from the Treasury Ministry to incorporate Banco Azteca, SA de C.V., Multiple Banking Institution (BAZ), which began operations in the last quarter of 2002. As of December 31, 2004, it had established branches in 939 Elektra and Salinas y Rocha stores, and as of the close of December 2005 in approximately 482 other branches in third-party channels.

On July 18, 2003, Grupo Elektra acquired CIGNA Seguros, S.A. and changed its business name to Seguros Azteca, S.A. de C.V. (SAZ). This company offers life, accident and medical insurance to company customers. The purchase did not include any customer portfolio or liabilities. Seguros Azteca began operations February 12, 2004.

On November 24, 2004, Grupo Elektra received authorization from the Panama Bank Superintendent, through resolution number SB-224-2004. It began operations on March 1, 2005. As of December 31, 2005 it had six branches in Panama.

Grupo Elektra incorporated Azteca Daños, S. A. on January 11, 2005. As of December 31, 2005 it had not obtained authorization by the Treasury Ministry to begin operations.

On November 11, 2004, Grupo Elektra requested registration of its shares on the LATIBEX market in Spain and began quoting its shares on November 16, 2004 under the code XEKT. LATIBEX is the only international market dedicated to Latin American capital in Euros and is regulated by Spain’s stock market laws. This market represents the ideal way to efficiently attract European investment in Latin American companies as well as to permit investors from that region to acquire and sell principal Latin American companies through the only market that operates a contracting and sales system in one currency, the Euro.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements of Banco Azteca, Banco Azteca Panama, Afore Azteca and Seguros Azteca included in the consolidated financial statements were originally prepared in accordance with accounting criteria established by regulatory commissions and have been adjusted in those cases where they differ from Mexican Generally Accepted Accounting Principles for the preparation of these consolidated financial statements.

Below is a summary of the most significant accounting policies, including the concepts, methods and criteria related to recognition of the effects of inflation on the financial information:

a. Recognition of the effects of inflation

The accompanying consolidated financial statements have been prepared in accordance with Mexican GAAP and are expressed in constant pesos with purchasing power as of March 31, 2006, in accordance with the following policies.

- Inventory and cost of sales are restated by using the replacement cost method.

-Property, furniture, equipment, investment in stores, minority investments in shares, goodwill and the components of shareholder equity are restated by applying factors derived from the Mexican National Consumer Price Index (INPC).

-The gain on monetary position represents the profit from inflation, as measured by the INPC, on the monthly net monetary liabilities and assets during the year, restated to pesos with purchasing power as of the end of the last year.

-The result from holding non-monetary assets represents the increase of the restated value of these assets, applying specific costs above or below inflation measured in terms of the INPC, and is included in the deficit in the restatement of capital.

- The INPC used to recognize the effects of inflation on the financial statements was 117.309 and 113.438 as of March 31, 2006 and 2005, respectively.

b. Bases of consolidation

The consolidated financial statements include those of the Company and all of its controlled subsidiaries. All intercompany balances and operations have been eliminated in the consolidation.

c. Investments in securities

The Company considers all highly liquid investments with maturity of less than three months to be cash equivalents.

According to Mexican GAAP, marketable securities and other contracts that give rise to a financial asset or liability must be recognized according to the substance of the contract, using three classifications: a) acquired for business purposes, b) available for sale and c) held to maturity.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

Negotiable securities are expressed at their net realization value, taking as a basis a reasonable value determined by a price supplier authorized by the Commission, recognizing the effects of valuation in comprehensive cost of financing.

Instruments available for sale are expressed at their net realization value, taking as a basis reasonable value determined by a price supplier authorized by the Commission, recognizing the effects of the valuation as part of comprehensive profit until the securities are disposed of. On that date gains or losses generated are recognized within the comprehensive cost of financing.

d. Loan portfolio and securitization of portfolio

The balance of the loan portfolio is represented by the amounts actually granted to borrowers, plus uncollected accrued interest and deducted from interest collected in advance and from the allowance for credit risks.

- Loans are considered past due for their total unpaid balance, when interest or installment payments are not received within the terms shown below:

- Loans with a single payment of principal and interest 30 days or more past due.

- Loans with a single payment of principal at due date and periodic interest payments 90 days or more past due on interest payments or 30 days or more past due on the payment of principal.

- Loans with installments on the principal and interest, at 90 days or more in arrears.

- Revolving loans if there are two monthly billing periods, or 60 or more days past due.

- Mortgage loans, when principal and interest payments are 90 days or more past due.

e. Allowance for credit risks

The methodology that credit institutions must apply in determining the amount of allowance for credit risks is found in Mexico’s Treasury Ministry’s “Rules for Classification of the Credit Portfolio of Credit Institutions” and the methodology established by the Commission for each type of loan currently contained within the provisions.

The estimates are based on studies that analyze and classify the portfolio in accordance with General Provisions Applicable to Methodology for Classification of the Credit Portfolio of Credit Institutions”, established by the Banking and Securities Commission, published in Mexico’s Official Gazette on August 20, 2004 and applicable as of the December 1, 2004, currently contained within the provisions.

These provisions state that for consumer loans, specific percentages are applied based on past due billing periods, depending on if the periods are weekly, biweekly or monthly. The institution uses weekly periods for purposes of establishing portfolio aging levels in accordance with delay in payments. Based on this, it determines the amount of allowances necessary.

For housing loans, the Institution also apples specific percentages to classify the portfolio, considering the past due billing periods, probability of breach and or severity of loss associated with the value and nature of the guarantees for these loans.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

For purposes of classifying the commercial loan portfolio, information is used from quarters that ended in the months of March, June, September and December. To determine the net value of this loan portfolio, each loan is individually classified in accordance with the methodology used according to their balance.

In addition, for loans with balances greater than 900,000 UDIs as of the date of classification, the credit worthiness of the debtors is evaluated. Additionally, the Company established the policy of creating allowances additional to those determined in accordance with the preceding paragraphs. This policy consists of determining the amount of the allowance for each type of loan in light of the expected amount of the loss in accordance with past behavior. This is based on accumulated experience of affiliated companies, which until the start up of operations of BAZ were responsible for granting loans for acquisition of durable consumer goods as well as the bank’s experience (including statistical calculations).

For purposes of the allowance for loans granted in Latin American countries where the company has operations, it has created the allowances based on expected losses according to past behavior. Calculation of these allowances consists of increasing them for each credit sale by 5%.

f. Inventories.

Inventories are originally valued at cost of acquisition and are restated as mentioned in Note 2-a. Values are as of last purchase, which do not exceed market value.

g. Property, furniture, equipment and investment in stores

Property, furniture and equipment are expressed at cost of acquisition and are restated as explained in Note 2-a. Investment in stores represents expenditures necessary to prepare the stores operated by the Company, and is restated as mentioned in Note 2-a.

Depreciation is calculated by the straight-line method, based on the estimated useful lives of the assets. Amortization of investment in stores is calculated by the straight-line method over periods not exceeding five years.

The Company conducts a major part of its operations from leased facilities, which include 894 stores, nine distribution centers and the building housing the Company’s headquarters. These facilities are under operating leases that expire at various times over the next eight years. Most of the leases are renewable for periods of three to five years.

Some of the rental payments on store facilities are based on a minimum rental and a percentage of the store’s sales (contingent rentals). In most cases, management expects leases to be renewed or replaced by other properties.

h. Investments in shares

The investment in CASA and Círculo de Crédito, S. A. de C. V. is valued by the equity method. The other investments in shares in which it owns less than 10% of the capital are expressed originally at cost and are restated as mentioned in Note 2-a. The equity in the results of CASA, Círculo de Crédito and other associated companies, is shown in the statement of results.

In accordance with the accounting provisions of Bulletin C-15, “Impairment in the Value of Long-Lived Assets and Their Disposal”, of Mexican Generally Accepted Accounting Principles, the value of the shares in permanent investments is subject to tests of impairment in those cases where the value of the use is less than the accounting value. The difference is the impairment of goodwill.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

i. Goodwill

Until December 31, 2004, the excess of cost of the shares of associates and subsidiaries over the book value (goodwill) is amortized over 20 years, negative goodwill is amortized over five years; both are restated as mentioned in Note 2-a.

In accordance with the accounting provisions of Bulletin C 15, “Impairment in the Value of Long-Lived Assets and Their Disposal”, of the Mexican Generally Accepted Accounting Principles, goodwill is subject to impairment tests in those cases where the value of use is less than the accounting value. The difference is the impairment of goodwill.

As of March 31, 2006 and 2005, the balance of goodwill presented in the balance sheets only corresponds to CASA.

j. Demand and term deposits

BAZ liabilities for this concept are composed of demand and term deposits, which are represented by concentrated, savings and investment accounts, as well as notes with yields payable on maturity. These liabilities are recorded at capture or placement costs plus accrued interest determined by days transpired as of the monthly close. These are charged to the results.

k. Income tax, asset tax and workers’ profit-sharing

The Company recognizes the effects of deferred taxes by applying the income tax rate to all differences between the book and tax values of assets and liabilities, and considering tax-loss carry-forwards and asset tax recoverable likely to be obtained.

Deferred employees’ statutory profit sharing (ESPS) is determined considering the non-recurring temporary differences between the book profit and the repurchase agreement profit basis determined under the Income Tax Law.

l. Labor obligations

Seniority premiums, to which employees are entitled upon termination of employment after 15 years of service, as well as obligations under retirement plans established by the Company’s subsidiaries for their employees, to which they do not contribute, are recognized as costs in the years in which the services are rendered through contributions to irrevocable trust funds, based on actuarial studies.

As of December 31, 2005, the company created a plan to cover legal indemnity payments which are determined in accordance with actual early studies carried out by independent experts.

Until December 31, 2004, other payments based on seniority which workers have the right to in case of separation or death according to Mexico’s Federal Labor Law are taken to results in the year in which they are payable.

m. Review of the values of long-lived assets

The Company periodically evaluates the recovery value of its tangible and intangible long-lived assets, including goodwill, based on future flows from its two cash-generating units (sales and credit). If the accounting value of the assets exceeds the use value (discounted flows) a loss from impairment of these assets is recognized.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

The procedure and criterion used by the Company are in agreement with the provisions established in Bulletin C-15, “Impairment in the Value of Long-Lived Assets and Their Disposal,” of Mexican Generally Accepted Accounting Principles, issued in March 2003.

n.Transactions in foreign currencies and translation of foreign operations

Transactions in foreign currencies are recorded at the exchange rates prevailing on the dates on which they are entered into. Assets and liabilities denominated in these currencies are stated at Mexican peso equivalents current as of the date of the balance sheet. Exchange-rate differences arising from fluctuations in the exchange rates between the dates on which transactions are entered into and those on which they are settled or valued at the close of the year are applied to the results.

To consolidate the operations of the subsidiaries in El Salvador, Guatemala, Honduras and Peru, the Company restates the figures of these subsidiaries by applying inflation factors of each country and converts the assets and liabilities (monetary and non-monetary), as well as the income and expenses at the exchange rate in effect on the date of the close of the year.

o.Earnings per share

Earnings per share is calculated by dividing the consolidated net income by the weighted average number of shares outstanding.

Diluted earnings per share reflects the potential dilution that could occur if share and other contracts related to issuing shares were exercised or converted, resulting in the issuance of additional shares, which would participate in Grupo Elektra distribution of profits.

p. Operations with derivative financial instruments

Beginning in 2004, the effects of operations with derivative financial instruments indexed to Company share prices are recognized in the statement of income as income or expense, and those corresponding to interest rate coverage instruments are recognized in comprehensive income.

Beginning in 2004, the Company chose early adoption of Bulletin B 10, “Derivative Financial Instruments and Coverage Operations” of Mexican Generally Accepted Accounting Principles.

q. Comprehensive income

Comprehensive income includes the net income for the year, plus any items which, in accordance with Mexican Generally Accepted Accounting Principles, must be recorded directly in the shareholder equity and are not capital contributions or reductions.

r. Revenue recognition

The Company recognizes revenue on sales when goods are delivered to customers.

Interest is recognized as income when accrued, applying the straight line method. However, recognition of interest is suspended at the time when loans are reclassified to the past due portfolio. With respect to uncollected ordinary accrued interest corresponding to loans classified to the past due portfolio, an estimate is created for an amount equivalent to the total amount at the time the loan is reclassified to the past-due portfolio. Accrued interest (late) during the period in which the loan is classified to the past due portfolio is not recognized as income until it is actually collected.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

Revenues from money transfer services represent the commissions paid by Western Union to the Company arising from money transfers collected in BAZ located in Elektra and SyR stores and third party channels, plus the Company’s share of the foreign exchange gain, as well as commissions paid by Elektra’s customers for money transfers within Mexico. Both types of commissions are recorded when services are provided.

Revenues from extended warranty sales are recorded as deferred credits on the date the contracts are sold, and are applied to income using the straight-line method over the terms of the extended warranties (from two to five years).

Income from the sale of life insurance policies are recorded at the time the policies are issued, and are decreased by the premiums paid for reinsurance.

s. Presentation of revenues and costs

In order to compare Company income and costs, income is presented including merchandise sales and accrued and late interest, decreased by the loss from monetary position on the loan portfolio. Similarly, costs include the cost of sales of the merchandise, allowances for bad debt and interest charged to accounts payable labeled deposits, decreased by the profit on monetary position corresponding to the deposits. Other interest earned or paid is classified as part of the comprehensive cost of financing.

( * ) In January 1996, Elektra signed a 10-year exclusive agreement with Western Union for the transfer of money from the United States to Mexico. For this purpose, Western Union deposited US$14.2 million into an escrow account. These funds were invested by the escrow account in purchasing 2% of the shares of three subsidiaries of Grupo Elektra. Each year of the agreement, the escrow sells a portion of the shares of the subsidiaries equivalent to US$14.2 million, which are paid annually to Elektra as consideration for the exclusive services. In January 2006 a new contract was signed for an additional six years and one month.

t. Use of estimates

Preparation of financial statements in accordance with Mexican Generally Accepted Accounting Principles requires that management make estimates that affect the amounts reported in the financial statements. Actual results could differ from those estimates.

u. Reconciliation between net income and EBITDA


	1Q06			1Q05			2006			2005
Reported net income		987.3			536.5			987.3			536.5


Add (subtract) the following items:
Minority interest		—			—			—			—
Extraordinary item		—			—			—			—
Equity in (income) loss of affiliated companies		(32.3	)		(12.1	)		(32.3	)		(12.1	)
Tax provision		390.1			110.1			390.1			110.1
Comprehensive financing cost		(491.6	)		109.9			(491.6	)		109.9
Depreciation and amortization		340.8			317.1			340.8			317.1
Monetary loss recorded on revenues		(5.4	)		—			(5.4	)		—
Monetary gain recorded on cost		—			0.3			—			0.3

		201.6			525.3			201.6			525.3


EBITDA		1,188.9			1,061.8			1,188.9			1,061.8

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

GRUPO ELEKTRA ANNOUNCES EBITDA GROWTH OF 12%, TO RECORD OF Ps.1,189 MILLION

Total Revenue Increases 8% to Record High of Ps.8,043 Million-

-Net Income Rises 84% to Ps.987 Million

Banco Azteca’s Consumer Deposits Grow 33% to Ps.28,187 Million, and Gross Credit Portfolio* Increases 34%, to Ps.16,213 Million-

Mexico City, April 27, 2006-Grupo Elektra S.A. de C.V. (BMV: ELEKTRA*; Latibex: XEKT), Latin America’s leading specialty retailer, consumer finance and banking and financial services company, reported today its financial results for the first quarter of 2006.

Consolidated revenue growth continues with its solid and positive trend, reaching record levels for a first quarter, and profitability increased considerably, generating a double digit expansion in gross profit and EBITDA, commented Javier Sarro Cortina, Chief Executive Officer of Grupo Elektra. “We focus in the profitability of our sales, promoting products and services-like transportation related goods, mobile phones, money transfers and extended warranties-that have an optimal contribution to consolidated EBITDA, and at the same time add enormous value to our customers and their families.”

Banco Azteca reported remarkable growth in fundamental indicators like deposits, credit portfolio and revenues, and we gradually consolidate a solid position in the group of leading institutions in the most relevant banking variables,” commented Carlos Septién Michel, Chief Executive Officer of Banco Azteca. “This allows us to improve our positioning in the mass market, broadens the savings and consumption capacity in sectors that were previously unattended, brings high-service standards to an increased number of families, and further enhances our perspectives for growth.”

Financial Highlights:

Millions of pesos of constant purchasing power as of March 31, 2006.


					Change
	1Q05		1Q06		$		%
Consolidated Revenue		7,431		8,043		612		8	%
Gross Profit		3,386		3,855		469		14	%
EBITDA		1,062		1,189		127		12	%
Net Income		537		987		450		84	%
EPS (Pesos per Share)(1)		2.21		4.19		1.98		90	%


(1)		Calculation based on 243,069,000 Elektra* weighted average at March 31, 2005 and 235,576,000 Elektra* weighted average outstanding at March 31, 2006.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

Financial Division
Banco Azteca

Banco Azteca reported net income of Ps.125 million in 1Q06, compared with Ps.208 million registered in 1Q05. The reduction primarily results from a 26% increase in operating expenses.

As of March 31, 2006, the estimated capitalization index of Banco Azteca was 12%, higher than the 11% index reported at the end of the same period in the prior year. Banco Azteca’s capitalization index favorably compares with the 8% minimum required by Mexican authorities.

Gross Credit Portfolio
The gross credit portfolio of Banco Azteca Mexico and Banco Azteca Panama was Ps.16,213 million, 34% higher than the Ps.12,069 million reported at the end of 1Q05. The average term of the credit portfolio at the end of 1Q06 was 56 weeks, up from the 53 weeks of the prior year. At the end of 1Q06, we had a total of 6.3 million active accounts, a 50% increase compared with 4.2 million at

Saving Accounts and Term Deposits

Net deposits were Ps.28,187 million at the end of 1Q06, 33% up from the Ps.21,199 million of the previous year. The total number of active accounts was 5.8 million, compared with 3.5 million a year ago.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

Afore Azteca
Afore Azteca reported net income of Ps.22 million in the quarter, 38% higher than the Ps.16 million of 1Q05. As of March 31, 2006, Siefore Azteca reported Ps.10,919 million in net assets under management.

Seguros Azteca
Seguros Azteca’s net income for the quarter was Ps.49 million, 53% higher than the Ps.32 million reported in 1Q05.

Commercial Division

Revenue of the commercial division in the quarter was Ps.4,589 million, 3% down from the Ps.4,721 million in 1Q05. Despite lower revenue, revenue, gross margin grew 360 basis points to 33.8% in 1Q06, and gross profit increased 9% to Ps.1,551 million.

Total Debt and Net Debt

As of March 31, 2006, the commercial division’s total debt with cost was Ps.4,661 million, compared with Ps.3,743 million reported a year ago. The net debt of the commercial division registered a negative balance of Ps.2,628 million, compared with a negative balance of Ps.1,209 million as of March 31, 2005.

Consolidated Financial Results

Consolidated Revenue

Total consolidated revenue was Ps.8,043 million in 1Q06, 8% higher than the Ps.7,431million reported in the same period a year ago.

EBITDA

Consolidated EBITDA reached Ps.1,189 million, a 12% rise from Ps.1,062 million in 1Q05, despite a 4% growth in the consolidated cost. This resulted in a 50 basis points increase in the EBITDA margin to 14.8%, from 14.3% a year ago.

EBITDA & Operating Profit

Millions of Pesos of constant purchasing power as of March 31, 2006.


					Change
	1Q05		1Q06		$		%
EBITDA		1,062		1,189		127		12	%
Operating Profit		744		853		109		15	%

Operating Expense

During the quarter, operating expense was Ps.2,661 million, an increase of 14% compared with Ps.2,324 million in the same period a year ago. The increase was primarily due to the hiring of new employees at the financial division, which represents a 57% increase year-on-year. In the 1Q05, Grupo Elektra had 28,510 employees in its two main business divisions; while at the end of 1Q06 it had 38,350 employees, an increase of 35%.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

Operating Profit

During the first quarter, operating income increased 15%, as a result of the combination of an 8% rise in total revenues, as well as the increase of 4% in costs and 14% in total expenses.

Comprehensive Cost of Financing (CIF)
The commercial division reported a financial gain of Ps.492 million in the quarter, compared with a Ps.110 million financial loss a year ago.

The Comprehensive Cost of Financing was primarily influenced by a gain in Cap. Instruments of Ps.466 million, compared with 1Q05, when the balance was zero, as a result of the rise in Grupo Elektra’s stock price during the quarter. In addition, there was a foreign exchange gain of Ps.97 million in the quarter, from a Ps.9 million gain a year ago, as a result of stronger exchange rate depreciation in the quarter, coupled with a larger asset position in US dollars.

Net Income

The increase in EBITDA, together with a positive result in the Comprehensive Cost of Financing were fundamental in generating net income of Ps.987 million in the quarter, 84% higher than net income of Ps.537 million in the same quarter a year ago.

Capex

As of March 31, 2006, capital expenditures were Ps.186 million, mainly resulting from Banco Azteca’s branch expansion and the acquisition of fixed assets.

Cash and Cash Equivalents

As of March 31, 2006, total cash and cash equivalents were Ps.23,126 million, 30% higher than the Ps.17,752 million at the end of 1Q05. The increase resulted from a 47% growth in the cash balance of the commercial division, to Ps.7,289 million, and a 24% increase in the cash balance of the financial division to Ps.15,836 million, in line with the rise in customer deposits.

Consolidated Gross Loan Portfolio

Total consolidated gross loan portfolio of Banco Azteca Mexico, Banco Azteca Panama, and Elektrafin Latin America as of March 31, 2006, was Ps.17,052 million, 35% higher than Ps.12,668 million as of March 31, 2005.

Consolidated Equity
Consolidated equity as of March 31, 2006, was Ps.10,754 million, 28% higher than Ps.8,371 million of the previous year.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CHIEF EXECUTIVE OFFICER REPORT

ANNEX 1

Company Profile

Grupo Elektra is Latin America’s leading speciality retailer, consumer finance and banking services company. Grupo Elektra sells retail goods and services through its Elektra, Salinas y Rocha, Bodega de Remates and Electricity stores and over the Internet. The Group operates more than 1,000 stores in Mexico, Guatemala, Honduras and Peru.

Grupo Elektra also sells and markets its consumer finance, banking and financial products and services through aproximately 1,400 Banco Azteca branches located within its stores, as a stand-alone, and in other channels in Mexico and Panama. Banking and financial services include loans, electronic money transfer services, extended warranties, demand deposits, pension-fund management, insurance, and credit information services.

Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Risks that may affect Grupo Elektra are identified in its Form 20-F and other filings with the US Securities and Exchange Commission.

Contacts:
Dinorah Macias		Bruno Rangel
Investor Relations		Director of Investor Relations
Grupo Elektra S.A. de C.V.		Grupo Salinas
Tel. +52 (55) 1720-7819		Tel. +52 (55) 1720-9167
Fax. +52 (55) 1720-7822		Fax +52 (55) 1720-0831
dmacias@elektra.com.mx		jrangelk@gruposalinas.com.mx

As used in this press release, EBITDA is operating income (loss) before interest expense, taxes, depreciation and amortization, and adjusted by eliminating monetary (loss) gain included in our revenues and cost, respectively. In accordance with Regulation G, issued by the U.S. Securities and Exchange Commission, reconciliation between net income and EBITDA is provided in the notes provided in our financial statements. EBITDA is presented because of the following reasons:

~~SIGNATURE~~Our management uses EBITDA as a measure of performance business allowing us to compare ourselves with our peers’ multiples, ratios and margins derived from EBITDA. It also serves to evaluate and compensate certain employees.

~~Pursuant~~We tobelieve ~~the~~EBITDA ~~requirements~~is one of the ~~Securities~~tools ~~Exchange~~that ~~Act~~we can use to measure our cash-flow generation, because it excludes some non-cash items as monetary gains or losses, depreciation and amortization, etc. EBITDA is also a measure contained in certain financial covenants of ~~1934~~our debt, ~~the~~and ~~registrant~~consequently ~~has~~we ~~duly~~are ~~caused~~required ~~this~~to ~~report~~calculate it in order to verify becompliance ~~signed~~with onsuch covenants. We are aware that EBITDA has material limitations associated with its ~~behalf~~use, (i.e., EBITDA, as defined by us, excludes items such as Discontinued operations, and includes the ~~undersigned~~Allowance for doubtful accounts, ~~thereunto~~which ~~duly~~contains ~~authorized~~or does not contain, respectively, portions of cash). However, our management compensates these material limitations with the use of our consolidated financial statements and its notes. We believe that EBITDA is used by certain investors as one measure of a company’s historical ability to service its debt.

EBITDA should not be considered in isolation or as a substitute for the consolidated income statements or the consolidated statements of changes in financial position prepared in accordance with Mexican GAAP (PCGA) or as a measure of profitability or liquidity. EBITDA is not ~~Date:~~(a) a ~~January~~measure 17determined under PCGA or U.S. GAAP, ~~2005~~(b) an alternative to PCGA or U.S. GAAP operating income (loss) or net income (loss), (c) a measure of liquidity or cash flows as determined under PCGA or U.S. GAAP or (d) a measure provided in order to smooth earnings. EBITDA does not represent discretionary funds. EBITDA, as calculated by us, may not be comparable to similarly titled measures reported by other companies.

~~GRUPO ELEKTRA, S.A de C.V. (Registrant) By~~ Contacts: ~~/S/ Rodrigo Pliego Abraham Rodrigo Pliego Abraham Chief Financial Officer~~

FORWARD-LOOKING STATEMENTS


Dinorah Macias		Bruno Rangel
Investor Relations		Director of Investor Relations
Grupo Elektra S.A. de C.V.		Grupo Salinas
Tel. +52 (55) 1720-7819		Tel. +52 (55) 1720-9167
Fax. +52 (55) 1720-7822		Fax +52 (55) 1720-0831
dmacias@elektra.com.mx		jrangelk@tvazteca.com.mx

~~This~~MEXICAN ~~press~~STOCK ~~release may contain forward-looking statements.~~EXCHANGE ~~These~~SIFIC ~~statements~~/ ~~are statements that are not historical facts, and are based on~~ICS management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

BREAKDOWN OF INVESTMENT IN SHARES
(Thousands of Mexican Pesos)
ANNEX 3

NAME OF THE

MAIN

NUMBER

% OF

TOTAL AMOUNT

COMPANY

ACTIVITIES

OF SHARES

OWNERSHIP

Acquisition

Current

Cost

Value

ASSOCIATED COMPANIES

COMUNICACIONES AVANZADAS, S.A. DE C.V.

HOLDING COMPANY

371,853

35.85

260,538

905,278

TV AZTECA, S.A. DE C.V.

HOLDING COMPANY

7,522,716

0.40

7,523

54,396

OTRAS ASOCIADAS

TWENTY

—

156,933

192,206

TOTAL INVESTMENT IN ASSOCIATED COMPANIES

424,994

1,151,880

OTHER PERMANENT INVESTMENTS

TOTAL

1,151,880

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

BANK DEBT BREAKDOWN
(Thousands of Mexican Pesos)
ANNEX 5

Credit Type /

Amortization

Interest

Denominated in Pesos

Amortization of credits in foreign currency with foreign institutions

Institution

Date

Rate

Until 1 year

More than

Current

Until

1 year

Year

1 year

2 years

3 years

4 years

5 years

UNSECURED DEBT

BANCO DE MEXICO, S.A.

5/30/2009

7.58

1,980,630

TOTAL

—

1,980,630

—

STOCK MARKET DEBT

STOCK MARKET CERTIFICATES

5/10/2006

9.84

600,000

STOCK MARKET CERTIFICATES

3/9/2006

11.77

291,200

2,048,800

ACCRUED INTEREST

4/20/2006

9.84

1,312

ACCRUED INTEREST

4/14/2006

11.77

11,901

TOTAL

904,413

2,048,800

—

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CREDITS BREAKDOWN

ANNEX 5


Credit Type /			Interest	Denominated in Pesos				Amortization of credits in foreign currency with foreign institutions
Institution	Date		Rate	Until 1 year		More than		Current		Until		Until		Until		Until		Until
						1 year		Year		1 year		2 years		3 years		4 years		5 years

SUPPLIERS
FACTORING		31.03.2006			633,361
MABE SA DE CV		30.03.2006			417,605
LG ELECTRONICS MEXICO SA DE CV		31.03.2006			383,569
WHIRLPOOL MEXICO S.A. DE C.V.		30.03.2006			315,195
SAMSUNG ELECTRONICS MEXICO SA DE CV		31.03.2006			227,989
PANASONIC DE MEXICO S.A. DE C.V.		31.03.2006			209,640
NOKIA MEXICO SA DE CV		31.03.2006			179,400
SONY DE MEXICO SA DE CV		31.03.2006			165,562
DAEWOO ELECTRONICS CORPORATION		30.03.2006			155,842
OTHERS SUPPLIERS IN LATIN AMERICA		31.03.2006			181,342
BRIGHTSTAR DE MEXICO S.A. DE C.V.		31.03.2006			119,606
MULTITRADE INTERNATIONAL S.A. DE C.		31.03.2006			67,061
LONCIN GROUP IMPORT AND EXPORT CO L		30.03.2006			64,962
HEWLETT PACKARD MEXICO S DE		20.03.2006			49,765
PHILIPS MEXICANA SA DE CV		31.03.2006			46,908
MAYTAG COMERCIAL S DE RL DE CV		31.03.2006			40,859
KOBLENZ ELECTRICA S.A DE C.V.		31.03.2006			38,026
UNIPLUS S.A. DE C.V.		31.03.2006			27,923
BICICLETAS MERCURIO S.A. DE C.V.		31.03.2006			23,689
OTHERS		30.03.2006			23,526
BICICLO S.A. DE C.V.		31.03.2006			21,617
AVATAR TECHNOLOGY INC.		23.03.2006			21,471
SISTEMAS ABIERTOS DE COMPUTO S.A DE		31.03.2006			15,633
DISTRIBUIDORA DE BICICLETAS BENOTTO		31.03.2006			13,064
MOTOS DE TRABAJO SA DE CV		31.03.2006			11,804
SUNBEAM MEXICANA SA DE CV		08.03.2006			10,242
CALENTADORES CINSA S.A. DE C.V.		31.03.2006			8,861
MAGISTRONI S.A. DE C.V.		31.03.2006			8,507
SPRING AIR MEXICO SA DE CV		31.03.2006			8,309
FUJIFILM DE MEXICO S.A. DE C.V.		30.03.2006			8,263
INDUSTRIAS DK SA DE CV		31.03.2006			8,054
SHARP ELECTRONICS CORPORATION		30.03.2006			7,882
CARRIER MEXICO SA CV		31.03.2006			7,414
G S E B MEXICANA SA DE CV		29.03.2006			7,354
DISTRIBUIDORA DE PRODUCTOS SINGER		30.03.2006			6,187
BRIDGESTONE FIRESTONE DE MEXICO SA DE CV		25.03.2006			5,947
PETTERS CONSUMER BRANDS		31.03.2006			5,915
MIMO S.A. DE C.V.		31.03.2006			5,244
ENERTEC MEXICO S DE RL DE CV		31.03.2006			4,647
INDUSTRIAS LENNOX DE MEXICO		31.03.2006			4,566
UNICOMER S.A. DE C.V.		31.03.2006			4,178
BROTHER INTERNATIONAL DE MEXICO		30.03.2006			4,012
GESTAR ELECTRODOMESTICOS SA DE CV		31.03.2006			3,963
COMERCIALIZADORA THOMSON		03.03.2006			3,485
FASTEL S.A. DE C.V.		28.02.2006			3,395
APPLICA DE MEXICO S DE RL DE CV		31.03.2006			3,234
GRUPO BLER DE MEXICO S.A. DE C.V.		31.03.2006			2,756
CAMAS LAMAS SA DE CV		31.03.2006			2,750
ELECTROLUX HOME PRODUCTS		28.03.2006			2,727
LEXMARK INTERNATIONAL DE MEXICO INC		31.03.2006			2,715
INDUSTRIAS MICHELIN SA DE CV		30.03.2006			2,155
COMESCO SA DE CV		31.03.2006			2,131

TOTAL SUPPLIERS					3,600,312		—		—		—		—		—		—		—

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

CREDITS BREAKDOWN

ANNEX 5

Credit Type /

Amortization

Interest

Denominated in Pesos

Amortization of credits in foreign currency with foreign institutions

Institution

Date

Rate

Until 1 year

More than

Current

Until

1 year

Year

1 year

2 years

3 years

4 years

5 years

OTHER LIABILITIES

OTHER

194,644

29,165,955

—

OTHER CURRENT LIABILITIES AND OTHER CREDITS

194,644

29,165,955

—

4,699,369

33,195,385

—


		NOTES:

		THE EXCHANGE RATES PER USD USED WERE:


MEXICAN PESOS			10.90
LEMPIRAS			19.03
QUETZALES			7.61
SOLES			3.36
COLONES			8.75

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

MONETARY POSITION IN FOREIGN EXCHANGE
(Thousands of Mexican Pesos)
ANNEX 6

FOREIGN MONETARY POSITION

U.S. DOLLARS

OTHER CURRENCIES

TOTAL

Thousands

THOUSANDS

of U.S. Dollars

of Pesos

of U.S. Dollars

of Pesos

OF PESOS

TOTAL ASSETS

367,568

4,006,494

88,016

959,379

4,965,873

TOTAL LIABILITIES

201,134

1,586,676

36,444

397,242

1,983,918

SHORT-TERM LIABILITIES

145,567

605,676

36,444

397,242

1,002,918

LONG-TERM LIABILITIES

55,567

981,000

—

981,000

NET BALANCE

166,434

2,419,818

51,572

562,137

2,981,955


		NOTES:

		THE EXCHANGE RATES PER USD USED WERE:


MEXICAN PESOS			10.90
LEMPIRAS			19.03
QUETZALES			7.61
SOLES			3.36
COLONES			8.75

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

INTEGRATION AND INCOME CALCULATION BY MONETARY POSITION
(Thousands of Mexican Pesos)
ANNEX 7


	MONETARY		MONETARY		MONETARY			MONTHLY		GAIN
MONTH	ASSETS		LIABILITIES		POSITION			INFLATION		(LOSS)

JANUARY		5,027,675		10,779,866		(5,752,191	)		0.59		(33,731	)

FEBRUARY		7,104,521		11,293,516		(4,188,995	)		0.15		(6,410	)

MARCH		7,100,366		10,543,983		(3,443,617	)		0.13		(4,321	)

APRIL		—		—		—			—		—

MAY		—		—		—			—		—

JUNE		—		—		—			—		—

JULY		—		—		—			—		—

AUGUST		—		—		—			—		—

SEPTEMBER		—		—		—			—		—

OCTOBER		—		—		—			—		—

NOVEMBER		—		—		—			—		—

DECEMBER		—		—		—			—		—

RESTATEMENT						—					(102	)

CAPITALIZATION						—					—

FOREIGN CORP.						—					—

OTHER						—					—

TOTAL											(44,564	)

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

BONDS AND MEDIUM TERM NOTES LISTED IN STOCK MARKET

ANNEX 8

FINANCIAL LIMITATIONS IN ACCORDANCE WITH INDENTURES

NOT APPLICABLE

CURRENT SITUATION OF FINANCIAL LIMITATIONS

NOT APPLICABLE

BONDS AND/OR MEDIUM-TERM NOTES CERTIFICATE

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

PLANTS, COMMERCE CENTERS OR DISTRIBUTION CENTERS

ANNEX 9

PLANT OR

ECONOMIC

PLANT

UTILIZATION

CENTER

ACTIVITY

CAPACITY

NOT APPLICABLE


		NOTES: THIS NOTE DOES NOT APPLY BECAUSE THE COMPANY DOES NOT HAVE ANY PLANTS OR PRODUCTION FACILITIES, AND ITS ACTIVITY IS PERFORMED THROUGH ITS MORE THAN 1000 BRANCHES (MOST OF THEM ARE LEASED), LOCATED THROUGHOUT MEXICO, CENTRAL AND SOUTH AMERICA.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

MAIN RAW MATERIALS

ANNEX 10

MAIN

COST OF

DOMESTIC

SUPPLIERS

IMPORTED

SUPPLIERS

DOMESTIC

PRODUCTION

(%)

NOT APPLICABLE


		NOTES: THIS NOTE DOES NOT APPLY BECAUSE THE COMPANY ONLY COMMERCIALIZES FINISHED GOODS AND DOES NOT HAVE ANY PRODUCTION PROCESS.

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

SALES DISTRIBUTION BY PRODUCT
DOMESTIC SALES
ANNEX 11


MAIN	TOTAL PRODUCTION		NET SALES				MARKET	MAIN
PRODUCTS	VOLUME	AMOUNT	VOLUME		AMOUNT		SHARE (%)	TRADEMARKS	COSTUMERS

MARK-UP						2,305,162
VIDEO				478		675,237
INTEREST INCOME INVESTMENTS						623,791
TELEPHONES				276		456,254
AUDIO				312		485,326
WASHERS AND DRYERS				120		303,008
REFRIGERATORS				101		274,888
OTHER				—		354,938
STOVES AND GRILLS				74		185,554
COMPUTERS				29		176,534
MATTRESSES				86		125,071
LIVING ROOM FURNITURE				47		156,703
MONEY TRANSFERS				—		140,017
BEDS AND BUNK BEDS				36		79,906
AIR CONDITONERS				58		104,056
MOTORCYCLES				25		199,795
DINING ROOM FURNITURE				32		59,211
SMALL APPLIANCES				136		44,224
BICYCLES				84		119,137
ENTERTAINMENT GAMES				32		86,913
EXTENDED WARRANTIES				—		67,433
SEWING MACHINES				7		11,940
DINING SETS				21		56,144
PHOTO DEVELOPING				21		29,507
COMPUTER ACCESSORIES				19		26,591
COINS OF SILVER				272		20,213
SMALL APPLIANCES				112		74,108
FOOD				1		3,846
TYPEWRITING MACHINES				7		6,276
CARS				3		2,134
TOOLS				2		5,336
TRANSPORTATION				9		7,610
VACUUM CLEANERS				5		2,741
BUSINESS				4		3,040
MOVIES				24		812
OTHERS				72		43,482

TOTAL						7,316,938

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

SALES DISTRIBUTION BY PRODUCT
FOREIGN SALES
ANNEX 11

MAIN

TOTAL PRODUCTION

NET SALES

MAIN

PRODUCTS

VOLUME

AMOUNT

VOLUME

AMOUNT

DESTINATION

TRADEMARKS

COSTUMERS

SALES

561,787

LATIN AMERICA

MONEY TRANSFERS

155,408

UNITED STATES

PENALTY INTEREST

4,349

LATIN AMERICA

EXTENDED WARRANTIES

4,445

LATIN AMERICA

TOTAL

725,989

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

ANALYSIS OF CAPITAL STOCK

FEATURES OF THE COMMON SHARES

NUMBER OF SHARES

CAPITAL STOCK

FACE

CURRENT

FIXED

VARIABLE

FREE

(Thousands of Pesos)

SERIES

VALUE

COUPON

PORTION

MEXICAN

SUBSCRIPTION

FIXED

VARIABLE

ONLY

2.30500

—

236,537,767

78,222,947

158,314,820

544,630

TOTAL

236,537,767

—

78,222,947

158,314,820

544,630

TOTAL NUMBER OF SHARES REPRESENTING THE PAID-IN CAPITAL STOCK AT THE DATE OF REPORTING :
236,537,767

SHARES PROPORTION BY:
          CPOSs:
          UNITS:
          ADRs:
          GDRs:
          ADSs:
          GDSs:

REPURCHASED OWN SHARES

NUMBER

AVERAGE COST

MARKET PRICE

SERIES

OF SHARES

OF REPURCHASE

AT END OF QUARTER

ONLY

9,002,000

80.28

110.99

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

PROJECTS INFORMATION

ANNEX 13

NOT APPLICABLE

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

TRANSACTIONS IN FOREIGN CURRENCY AND TRANSLATION OF FINANCIAL STATEMENTS OF FOREIGN SUBSIDIARIES
Information related to Statement B-15
ANNEX 14

NOT APPLICABLE

MEXICAN STOCK EXCHANGE
SIFIC / ICS


STOCK EXCHANGE CODE: ELEKTRA		Quarter: 1 Year: 2006

GRUPO ELEKTRA, S.A. DE C.V.

DECLARATION OF THE DIRECTORS OF THE COMPANY RESPONSIBLE FOR THE INFORMATION

We declare under oath that we state the truth that, between our respective functions, we prepare the relative information of the issuer found in this present quarterly financial information report that, between our loyal knowledge and understanding, reflects on a reasonable manner its situation. In the same manner, we state that we do not have any knowledge of relevant information being omitted or stated wrongfully in the present quarterly financial information report or that the same report contains false information that that could mislead investors.



LIC. JAVIER SARRO CORTINA CHIEF EXECUTIVE OFFICER		ING. RODRIGO PLIEGO ABRAHAM CHIEF FINANCIAL OFFICER

MEXICO CITY AT APRIL 27 , 2006

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, there unto duly authorized.

Dated: April 27, 2006

GRUPO ELEKTRA, S.A. de C.V.
(Registrant)

/s/ Rodrigo Pliego Abraham

Rodrigo Pliego Abraham
Chief Financial Officer

Filing Compare · GRUPO ELEKTRA SA DE CV