Megacable Holdings, S. A. B. De C. V. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 27, 2020 at 08:09 am EDT
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Megacable Holdings, S. A. B. De C. V. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was MXN 5,621.437 million compared to MXN 5,405.385 million a year ago. Operating income was MXN 1,589.391 million compared to MXN 1,426.346 million a year ago. Net income was MXN 1,070.756 million compared to MXN 993.929 million a year ago. For the nine months, sales were MXN 16,602.001 million compared to MXN 15,979.728 million a year ago. Operating income was MXN 4,798.515 million compared to MXN 4,739.076 million a year ago. Net income was MXN 3,439.975 million compared to MXN 3,449.387 million 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.