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Televisa sales up 8.6% in Q4, profit down 59%

Tuesday 7 March 2017 | 11:16 CET | News
Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 27.3 billion in the fourth quarter, up 8.6 percent on the year-earlier result, driven by a 9.8 percent rise in cable revenues. However, the company's quarterly profit fell over 59 percent rise to MXN 643 million in the October to December period due to higher financial and an extraordinary gain in the year earlier period, when its net profit was MXN 1.6 billion. For the full year, Televisa reported revenues of MXN 96.3 billion, up 9.4 percent compared to 2015 thanks in part to an 11.9 percent rise in cable

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Categories: Broadcast & Satellite
Companies: Televisa
Countries: Mexico
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