Megacable Holdings, S. A. B. de C. V. Reports Consolidated Earnings Results for the First Quarter of 2019
April 28, 2019
Share
Megacable Holdings, S. A. B. de C. V. reported consolidated earnings results for the first quarter of 2019. For the quarter, the company reported income of MXN 5,150,290 compared to MXN 4,694,795 a year ago. Net profit was MXN 1,180,808 compared to MXN 1,155,321 a year ago. Operating profit was MXN 1,595,477 compared to MXN 1,595,257 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. 
