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Televisa with a net profit of 45.1 million dollars in the first quarter

Pressing, counts the download Mexico, .- The Televisa Group, the largest media company in Latin America, reported this Monday 858.1 million pesos (45.1 million dollars) of net benefits in the first quarter of 2019, a decrease of 13.8% compared to the same cycle of 2018.

Net sales in the period reached 23,395.2 million pesos (1,231.3 million dollars), which represents an increase of 2.6% compared to the same period of 2018, Televisa said in its report delivered to the markets financial

The net profit attributable to shareholders in the January-March 2019 cycle was 541.7 million pesos (28.5 dollars), 20.1% decrease compared to 677.6 million pesos (35.6 dollars). million dollars) of the first quarter of 2018.

This decrease of 20.1% reflects, mainly, the increase of 415.2 million pesos (21.8 million dollars) in depreciation and amortization; and the increase of 73.4 million pesos (3.8 million dollars) in financial expenses.

“These unfavorable changes were partially offset by an increase of 296.2 million pesos (15.5 million dollars) in operating income before depreciation and amortization and other expenses,” said Televisa.

The company had a profit of the operating segments of 9,406.4 million pesos (495 million dollars) during the current reporting cycle, representing an increase of 3% compared to the same period last year.

The company’s debt as of March 31, 2019 was 121,002 million pesos (6,368.5 million dollars), a decrease of 970 million pesos (51 million dollars) over the 121,972 million pesos (6,419.5 million dollars). dollars) of the closing of 2018.

In terms of content, Televisa highlighted that the audience of its flagship channel in prime time grew 4.6% year-over-year and that in this period it maintained its leadership by transmitting 9 of the 10 most watched programs on Mexican television.

Televisa distributes the content it produces through open television channels in Mexico and in 50 countries, through 26 brands of pay television channels.

The company has a majority stake in Sky, the pay-per-satellite television system operating in Mexico, the Dominican Republic and Central America (EFE).

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