Market Overview

Grupo Televisa Q2 Profit Rises 21%

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Mexico's Grupo Televisa (NYSE: TV) reported a 21% gain in its second-quarter net profit.

Grupo Televisa's quarterly profit surged to 2.21 billion pesos ($170 million), versus a year-ago profit of 1.83 billion pesos.

Its revenue gained 7% to 19.34 billion pesos. Its income from its cable, phone and Internet businesses jumped 15%, while satellite TV sales rose 8.3%.

Televisa's sales of its TV channels slipped around 24% to $672 million pesos.

Grupo Televisa shares dropped 0.53% to close at $35.51 yesterday.

Posted-In: profitEarnings News

 

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