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General

Megacable revenues up 24% to MXN 3.6 bln in Q3

Tuesday 27 October 2015 | 11:11 CET | News
Mexican cable operator Megacable reported third-quarter service revenues of MXN 3.58 billion, up 24 percent compared to the year-earlier result of MXN 2.89 billion. Net profit at the Guadalajara-based cable company increased 14 percent year-on-year to MXN 699.4 million from MXN 600.9 million a year ago, while consolidated EBITDA grew 16 percent to MXN 1.40 billion from MXN 1.20 billion in Q3 2014. Megacable's improved performance was driven by a 15 percent increase in its video subscriber base to a total of 2.65 million at the end of September, up from 2.30 million a year earlier, further

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Categories: General
Companies: Megacable
Countries: Mexico
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