Grupo Radio Centro, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 27, 2023 at 05:36 pm EST
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Grupo Radio Centro, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was MXN 227.02 million compared to MXN 280.1 million a year ago. Net loss was MXN 178.8 million compared to MXN 807.08 million a year ago. Basic loss per share from continuing operations was MXN 0.6996 compared to MXN 3.1578 a year ago. Diluted loss per share from continuing operations was MXN 0.6996 compared to MXN 3.1578 a year ago.
For the full year, sales was MXN 770.69 million compared to MXN 699.42 million a year ago. Net loss was MXN 225 million compared to MXN 900.21 million a year ago. Basic loss per share from continuing operations was MXN 0.8804 compared to MXN 3.5222 a year ago. Diluted loss per share from continuing operations was MXN 0.8804 compared to MXN 3.5222 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. 
