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Mexico's Megacable posts 26% surge in net profit to MXN 1 bln in Q2

Friday 28 July 2017 | 09:02 CET | News
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Mexican cable operator Megacable reported a 26 percent year on year rise in net profit to MXN 1.04 billion in the second quarter thanks above all to a 67 percent improvement in its net financing cost, supported by the lower dollar exchange rate. The company's EBITDA also improved, by 10 percent year on year, to MXN 1.87 billion, but revenues were down 2 percent to MXN 4.13 billion due in part to an 8 percent decline in video sales.

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Categories: Fixed
Companies: Megacable
Countries: Mexico
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