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General

Megacable revenues soar 26% to MXN 3.9 bln in Q4

Friday 26 February 2016 | 09:34 CET | News
Mexican cable operator Megacable reported fourth-quarter service revenues of MXN 3.93 billion, up 26 percent compared to the year-earlier result. Net profit at the Guadalajara-based cable company increased by 30 percent year-on-year to MXN 927 million from MXN 716 million a year ago, while consolidated EBITDA grew 29 percent to MXN 1.48 billion, with the EBITDA margin rising from 39.1 percent to 40.7 percent. Megacable's improved performance was driven by a 17.8 percent increase in its video subscriber base to a total of 2.83 million at the end of December, up from 2.41 million a year

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Categories: General
Companies: Megacable
Countries: Mexico
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