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General

Megacable revenues and profit up in Q3 on 6% customer rise

Tuesday 27 October 2020 | 10:09 CET | News
Mexican triple play operator Megacable reported consolidated revenues of MXN 5.62 billion in the third quarter of 2020, up 4.0 percent year on year due to rising demand for its mass market services during the country's Covid-19 lockdown measures, coupled with the positive effects of the back-to-school season. The company's consolidated EBITDA surged by 12.1 percent year on year to MXN 2.78 billion in the third quarter, with a consolidated margin of 49.5 percent, up 3.6 percentage points, while net profit rose 7.7 percent to MXN 1.07 billion due in part to cost reductions.

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Categories: General
Companies: Megacable
Countries: Mexico
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