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General

Megacable Q1 sales up 22% to MXN 4.1 bln

Tuesday 26 April 2016 | 09:24 CET | News
Mexican cable operator Megacable reported first-quarter service revenues of MXN 4.06 billion, up 22 percent compared to the year-earlier result of MXN 3.39 billion. Net profit at the Guadalajara-based cable company rose 32 percent year-on-year to MXN 1.02 billion from MXN 775 million a year ago, while consolidated EBITDA grew 20 percent to MXN 1.66 billion, with the EBITDA margin up 21 percent to 43.6 percent. Megacable said the results were once again driven by a rise in revenue generating units (RGUs), which grew 23 percent year on year to 5.80 million, partly offset by a decline in

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Categories: General
Companies: Megacable
Countries: Mexico
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