Grupo Radio Centro, S.A.B. de C.V. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
October 29, 2012 at 06:09 am EDT
Share
Grupo Radio Centro, S.A.B. de C.V. reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported broadcasting revenue of MXN 264.474 million compared to MXN 255.215 million a year ago. This increase was mainly attributable to higher advertising expenditures by the company's clients in Mexico. Operating income was MXN 72.031 million compared to MXN 70.752 million a year ago. Profit before income taxes was MXN 9.525 million compared to MXN 52.878 million a year ago. Profit for the period was MXN 10.659 million compared to MXN 31.110 million a year ago.
For the nine months, the company reported broadcasting revenue of MXN 742.020 million compared to MXN 674.412 million a year ago. This increase was mainly attributable to higher advertising expenditures by the company's clients in Mexico. Operating income was MXN 172.751 million compared to MXN 133.006 million a year ago. Profit before income taxes was MXN 59.367 million compared to MXN 73.545 million a year ago. Profit for the period was MXN 63.019 million compared to MXN 30.201 million a year ago. Net income per series A share was MXN 1.2802 compared to MXN 0.6335 a year ago. Net income per ADS was MXN 11.5218 compared to MXN 5.7015 a year ago.
Grupo Radio Centro, S.A.B. de C.V. (Grupo Radio Centro) is a Mexico-based broadcasting company. The main activities of Grupo Radio Centro are the production and broadcasting of musical and entertainment programs, programs of information and analysis, news and special events. Grupo Radio Centro operates and owns fifteen radio stations. Of these fifteen radio stations, twelve are located in Mexico City, one AM station located in Guadalajara, one in Monterrey and one FM station in Los Angeles, California. The Company also operates a chain of radio, Impelling Radio Organization (OIR), which provides programming and acts as representative domestic sales of more than a hundred radio stations affiliated to Grupo Radio Centro along the Mexican Republic. The Company sells airtime commercial radio stations.
GRUPO RADIO CENTRO, S.A.B. DE C.V. 
