CORRECTS SPELLING OF SECOND REFERENCE TO SABBATELLA INSTEAD OF SABATELLA Martin Sabbatella, left, head of the government media regulation body, is surrounded by reporters outside the newspaper office of Grupo Clarin in Buenos Aires, Argentina, Monday, Dec. 17, 2012. Sabbatella said Monday that the government will make the conglomerate and other companies comply with the law, which bars any company from owning too many different media properties. The law could require Grupo Clarin to sell off broadcast licenses as well as its majority stake in Cablevision, the cable TV network that has become the company s cash cow. (AP Photo/Daniel Dabove,Telam)
Grupo Clarín S.A.: Grupo Clarin Announces its First Quarter 2021 Results
BUENOS AIRES, ARGENTINA / ACCESSWIRE / May 13, 2021 / Grupo Clarin S.A. ( Grupo Clarin or the Company ) - (LSE:GCLA); (BCBA:GCLA), the largest media company in Argentina, announced today its First quarter 2021 results. Figures in this report have been prepared in accordance with International Financial Reporting Standards ( ) ( IFRS ) as of March 31, 2021 and are stated in Argentine Pesos ( Ps ), unless otherwise indicated.
( ) The Company s Management has applied IAS 29 in the preparation of these financial statements (inflation adjustment) because Resolution 777/18, issued by the Comisión Nacional de Valores ( CNV ), establishes that the restatement will be applied to the financial statements.
12 March 2021 | 08:28am
StockMarketWire.com - Media company Grupo Clarin swung to a profit as cost cuts offset lower advertising revenue and a drop in circulation revenue hurt performance.
For the year ended 31 December 2020, pre-tax profit was Ps. 236.8 million (Argentine pesos), compared with a loss of PS. 1.078 billion a year earlier, while revenue fell 23.1% to 26,639.7 million
Adjusted EBITDA reached Ps. 3,245.5 million, an increase of 44.3% compared to 2019, mainly driven by costs reductions.
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