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General

CWC sales flat at USD 574 mln, net loss widens in Q2

Friday 5 August 2016 | 16:15 CET | News
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Cable & Wireless Communications (CWC), part of Liberty Global's Latin American and Caribbean group (LiLAC), reported revenues of USD 573.6 million on a rebased basis in its fiscal first quarter ending 30 June, down 0.3 percent on the year-earlier result of USD 583.0 million due to declines in Barbados, the Bahamas and Trinidad & Tobago. The group's adjusted EBITDA inched up 1.9 percent to USD 238 million, while its EBITDA margin was up to 35.1 percent from 33.4 percent. However, CWC's net loss widened to USD 105.2 million from USD 21.9 million in the year-earlier quarter.

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Categories: General
Companies: Cable & Wireless Communications / Liberty Global
Countries: Caribbean
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