By Reuters Staff
(Adds details on financial income)
MEXICO CITY, Feb 18 (Reuters) - Grupo Televisa Mexico’s largest broadcaster, reported gains in its fourth quarter net profit on Thursday helped by lower sales costs and strong financial income, which offset a decline in revenue.
Televisa posted a 52% jump in net profit to 3.7 billion pesos ($184 million) compared with 2.4 billion pesos in the same period in 2019.
The company’s net sales, however, fell to 27.8 billion pesos, 1.7% lower than in the year-earlier period.
The company’s financial income for the quarter rose by more than 4.7 billion pesos to reach 6.5 billion pesos, according to a statement filed with the Mexican stock exchange.