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General

Cable and broadband account for 94.% of Grupo Clarin's capex

Wednesday 11 March 2015 | 19:19 CET | News
Argentine media conglomerate Grupo Clarin invested nearly 94.6 percent of its total capex in its cable and broadband segment in the last quarter of 2014, investor relations officer Alfredo Marin told a conference call with investors. In the fourth quarter of 2014, the company invested ARS 572 million, compared to ARS 533 million in the year-ago quarter. Capex in Q4 represented 10 percent of net sales, Marin added. Grupo Clarin's capex for full 2014 amounted to ARS 2.514 billion, representing 12.8 percent of net sales.

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Categories: General
Companies: Grupo Clarin
Countries: Argentina
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