Megacable Holdings, S. A. B. de C. V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 04:41 pm EST
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Megacable Holdings, S. A. B. de C. V. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MXN 7,853.93 million compared to MXN 7,175.19 million a year ago. Net income was MXN 647.92 million compared to MXN 575.29 million a year ago. Basic earnings per share from continuing operations was MXN 0.8 compared to MXN 0.7 a year ago. Diluted earnings per share from continuing operations was MXN 0.8 compared to MXN 0.7 a year ago.
For the full year, sales was MXN 29,870.54 million compared to MXN 27,155.69 million a year ago. Net income was MXN 2,843.66 million compared to MXN 3,584.77 million a year ago. Basic earnings per share from continuing operations was MXN 3.52 compared to MXN 4.36 a year ago. Diluted earnings per share from continuing operations was MXN 3.52 compared to MXN 4.36 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. 
