Megacable Holdings, S. A. B. De C. V. Reports Earnings Results for the Second Quarter Ended June 30, 2019
July 22, 2019 at 04:18 am EDT
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Megacable Holdings, S. A. B. De C. V. Announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was MXN 5,424.053 million compared to MXN 4,932.143 million a year ago. Operating income was MXN 1,717.253 million compared to MXN 1,682.090 million a year ago. Net income was MXN 1,274.650 million compared to MXN 1,318.507 million a year ago. For the half year, sales was MXN 10,574.343 million compared to MXN 9,626.938 million a year ago. Operating income was MXN 3,312.730 million compared to MXN 3,277.347 million a year ago. Net income was MXN 2,455.458 million compared to MXN 2,473.828 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. 
