Televisa closes 2017 with an increase of 21.6% in profit for shareholders

The net profit attributable to the shareholders of Grupo Televisa reached 4,525 million pesos (242 million dollars) in 2017, which represented an increase of 21.6% compared to the 3,721 million pesos (199 million dollars) of 2016 .

Net sales decreased 2.1% to 94,274 million pesos (5,041 million dollars) in 2017 compared to 96,287 million (5,149 million dollars) in 2016, a decrease that the company attributed to the reduction of revenues from content and advertising.

And is that advertising sales were reduced 10.8% to 20,719 million pesos (1,108 million dollars), detailed today Televisa Group in its report of results for the fourth quarter and all 2017.

Despite this setback, the television company managed to close 2017 with a net profit of 6,578 million pesos (352 million dollars) and a growth of 23.3% over the previous year.

The corporate expenses of the company during the past year increased 3.8% to 2,291 million pesos (123 million dollars), while financial expenses decreased 44.3% to 5,305 million pesos (284 million dollars).

The company also highlighted an increase of 1,557 million pesos (83 million dollars) in depreciation and amortization, and an increase of 1,402 million (75 million dollars) in income taxes.

Televisa is the largest media company in the Spanish-speaking world based on its market capitalization, and is one of the leading players in the entertainment business worldwide. efe

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Facebook changes privacy options after Cambridge Analytica scandal

Facebook social network, which in recent days has been the subject of numerous criticisms for the alleged massive leak of personal data of its...

The presidents of Kenya and Somalia smooth things over during the IGAD summit

Both leaders meet in person in their first meeting after the breakdown of diplomatic relations The President of Kenya, Uhuru Kenyatta, and his Somali counterpart,...

Brady, impressed and happy, for the great work of Garappolo as head of the 49ers

Legendary quarterback Tom Brady, of the New England Patriots, admitted today that he was impressed and happy about the great work he has done,...

The trial begins on the leader of the alleged sex cult Nxivm in New York

 New York, .- Keith Raniere, the founder of the self-help firm and alleged sexual sect Nxivm, faced this Tuesday in New York the first...

Nerves and emotion mark the premiere of the last season of “Game of Thrones”

 New York, .- The fever of "Game of Thrones" arrived today in New York, where some excited protagonists of the cult series walked on...