Megacable Holdings, S. A. B. De C. V. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 08:10 am EDT
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Megacable Holdings, S. A. B. De C. V. Announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was MXN 5,520.089 million compared to MXN 5,150.290 million a year ago. Operating income was MXN 1,649.588 million compared to MXN 1,595.477 million a year ago. Net income was MXN 1,320.403 million compared to MXN 1,180.808 million 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.
MEGACABLE HOLDINGS, S. A. B. DE C. V. 
