Grupo Clarín S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 02:00 am EST
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Grupo Clarín S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was ARS 35,061.67 million compared to ARS 37,313.24 million a year ago. Net loss was ARS 2,719.97 million compared to ARS 1,565.54 million a year ago. Basic loss per share was ARS 25.47 compared to ARS 14.66 a year ago. Diluted loss per share was ARS 25.47 compared to ARS 14.66 a year ago.
For the nine months, sales was ARS 109,644.14 million compared to ARS 112,266.92 million a year ago. Net loss was ARS 1,377.15 million compared to ARS 1,181.88 million a year ago. Basic loss per share was ARS 12.90 compared to ARS 11.07 a year ago. Diluted loss per share was ARS 12.90 compared to ARS 11.07 a year ago.
Grupo Clarin SA is an Argentina-based company principally engaged in the provision of television (TV) cable services. The Companyâs activities are structured in four business segments: Cable TV and Internet Access, which operates a cable TV network in Latin America and provides broadband Internet services; Printing and Publishing, which focuses on the production and distribution of national and regional newspapers, as well as magazines, supplements, books, collectible products and other periodical publications; Broadcasting and Programming, which includes a variety of TV channels, radio stations and entities active in the content production and provision of advertising services, as well as Digital Content and Others, which creates, hosts and manages a variety of Websites, on-line portals and digital platforms for mobile phones, among others.
GRUPO CLARÍN S.A. 
