Megacable Holdings, S. A. B. de C. V. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
October 26, 2018 at 08:30 pm IST
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Megacable Holdings, S. A. B. de C. V. reported consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, income was MXN 4,850,966,000 against MXN 4,351,552,000 reported a year ago. EBITDA was MXN 2,317,739,000 against MXN 2,086,282,000 reported a year ago. Operating Profit was MXN 1,517,437,000 against MXN 1,393,636,000 reported a year ago. Income before income tax and minority interest was MXN 1,481,538,000 against MXN 1,396,248,000 reported a year ago. Net income attribute to controlling interest was MXN 1,110,286,000 against MXN 1,070,887,000 reported a year ago. Net debt was MXN 687,473,000 against MXN 814,410,000 reported a year ago. CapEx was MXN 1,443,027,000 against MXN 1,252,712,000 reported a year ago.
For the nine months, Consolidated EBITDA was MXN 7,165,242,000 against MXN 6,160,040,000 reported a year ago. Income was MXN 14,477,904,000 against MXN 12,771,340,000 reported a year ago. Operating Profit was MXN 4,794,784,000 against MXN 4,298,860,000 reported a year ago. Income before income tax and minority interest was MXN 4,751,743,000 against MXN 4,344,047,000 reported a year ago. Net income attribute to controlling interest was MXN 3,584,115,000 against MXN 3,429,031,000 reported a year ago.
Megacable Holdings SAB de CV is a Mexico-based company principally engaged in the provision of cable service. The Companyâs activities are structured in five segments: Cable Network, Internet, Telephone, Business and Other. The Cable Network division distributes television (TV) broadcasting programs via cable. The Internet division provides Internet services to individual and corporate customers. The Telephone delivers fixed-line communication services to individual and corporate customers. The Business division focuses on designing and developing information technology (IT) infrastructure and equipment for business customers. The Other division mainly includes selling of advertising time, producing TV programs and other network services. The Company operates under various brand names, such as Megacable and Metrocarrier. It operates through Acotel SA de CV, Giga Cable SA de CV and Grupo Lipsio SAPI de CV, among others.