Grupo Radio Centro, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 05:33 pm EDT
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Grupo Radio Centro, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 168.8 million compared to MXN 188.91 million a year ago. Net loss was MXN 15.25 million compared to MXN 13.78 million a year ago. Basic loss per share from continuing operations was MXN 0.0597 compared to MXN 0.0539 a year ago. Diluted loss per share from continuing operations was MXN 0.0597 compared to MXN 0.0539 a year ago.
For the six months, sales was MXN 286.82 million compared to MXN 337.02 million a year ago. Net loss was MXN 78.52 million compared to MXN 52.68 million a year ago. Basic loss per share from continuing operations was MXN 0.3072 compared to MXN 0.2062 a year ago. Diluted loss per share from continuing operations was MXN 0.3072 compared to MXN 0.2062 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. 
