Grupo Radio Centro, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 28, 2022 at 04:36 pm EDT
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Grupo Radio Centro, 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 206.64 million compared to MXN 165.61 million a year ago. Net income was MXN 6.49 million compared to net loss of MXN 645.2 million a year ago. Basic earnings per share from continuing operations was MXN 0.02539. Diluted earnings per share from continuing operations was MXN 0.02539. Basic earnings per share was MXN 0.02539 compared to basic loss per share of MXN 2.5248 a year ago. Diluted earnings per share was MXN 0.02539 compared to diluted loss per share of MXN 2.5248 a year ago.
For the nine months, sales was MXN 543.67 million compared to MXN 419.32 million a year ago. Net loss was MXN 46.19 million compared to MXN 779.28 million a year ago. Basic loss per share from continuing operations was MXN 0.1808. Diluted loss per share from continuing operations was MXN 0.1808. Basic loss per share was MXN 0.1808 compared to MXN 3.0494 a year ago. Diluted loss per share was MXN 0.1808 compared to MXN 3.0494 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. 
