Megacable Holdings, S. A. B. De C. V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
February 19, 2020
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Megacable Holdings, S. A. B. De C. V. Announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was MXN 5,624.945 million compared to MXN 5,056.342 million a year ago. Operating income was MXN 1,385.523 million compared to MXN 1,332.329 million a year ago. Net income was MXN 887.509 million compared to MXN 957.825 million a year ago. For the full year, sales was MXN 21,604.673 million compared to MXN 19,534.246 million a year ago. Operating income was MXN 6,124.599 million compared to MXN 6,127.113 million a year ago. Net income was MXN 4,336.896 million compared to MXN 4,541.940 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. 
