Megacable Holdings, S. A. B. De C. V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 25, 2021 at 04:25 pm EST
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Megacable Holdings, S. A. B. De C. V. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was MXN 5,780.864 million compared to MXN 5,635.482 million a year ago. Operating income was MXN 1,558.323 million compared to MXN 1,398.398 million a year ago. Net income was MXN 941.713 million compared to MXN 840.823 million a year ago. Basic earnings per share was MXN 0.57 compared to MXN 0.53 a year ago.
Megacable Holdings SAB de CV is a Mexico-based company principally engaged in the provision of cable service. The Company's 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.