Megacable Holdings, S. A. B. de C. V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 03:18 pm EDT
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Megacable Holdings, S. A. B. de C. V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MXN 6,736.89 million compared to MXN 6,144.93 million a year ago. Net income was MXN 823 million compared to MXN 927.43 million a year ago. Basic earnings per share from continuing operations was MXN 1 compared to MXN 1.12 a year ago. Diluted earnings per share from continuing operations was MXN 1 compared to MXN 1.12 a year ago.
For the nine months, sales was MXN 19,980.5 million compared to MXN 18,160.71 million a year ago. Net income was MXN 3,009.49 million compared to MXN 3,169.32 million a year ago. Basic earnings per share from continuing operations was MXN 3.66 compared to MXN 3.82 a year ago. Diluted earnings per share from continuing operations was MXN 3.66 compared to MXN 3.82 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. 
