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General

Megacable Q2 revenues up 2% on customer adds, profit falls 18%

Friday 24 July 2020 | 13:56 CET | News
Mexican triple play operator Megacable reported consolidated revenues of MXN 5.46 billion in the second quarter of 2020, up 2 percent year on year, thanks mainly to a surge in demand for its mass market services due to the country's Covid-19 lockdown and lower churn. The company's consolidated EBITDA rose 5 percent year on year to MXN 2.72 billion in the second quarter, with a consolidated margin of 48.8 percent, but net profit for the slumped by 17.7 percent to MXN 1.05 billion due in part to higher depreciation arising from previous investments and negative FX effects, said the company.

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Categories: General
Companies: Megacable
Countries: Mexico
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