Megacable Holdings, S. A. B. De C. V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 22, 2021 at 04:19 pm EDT
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Megacable Holdings, S. A. B. De C. V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MXN 6,063.802 million compared to MXN 5,460.475 million a year ago. Operating income was MXN 1,759.084 million compared to MXN 1,591.249 million a year ago. Net income was MXN 1,139.340 million compared to MXN 1,048.816 million a year ago. Basic earnings per share was MXN 0.69 compared to MXN 0.63 a year ago. For the half year, sales was MXN 12,015.780 million compared to MXN 10,980.564 million a year ago. Operating income was MXN 3,512.077 million compared to MXN 3,249.597 million a year ago. Net income was MXN 2,241.891 million compared to MXN 2,369.219 million a year ago. Basic earnings per share was MXN 1.35 compared to MXN 1.42 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.