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TV Azteca Announces Net Revenue of Ps 2,980 Million and EBITDA of Ps 676 Million in the Second Quarter of 2021
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TV Azteca Announces Net Revenue of Ps 2,980 Million and EBITDA of Ps 676 Million in the Second Quarter of 2021
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MEXICO CITY, April 28, 2021 /PRNewswire/
Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA ; Latibex: XEKT), Latin America s leading specialty retailer and financial services company, and the largest non-bank provider of cash advance services in the United States, today announced first quarter 2021 financial results.
First Quarter Results
Consolidated revenue grew 4%, to Ps.31,385 million in the period, compared to Ps.30,282 million in the same quarter of the previous year. Costs and operating expenses were Ps.25,951 million, from Ps.29,445 million in the same period of 2020.
As a result, EBITDA was Ps.5,435 million, compared to Ps.837 million a year ago. Operating income was Ps.3,493 million this quarter, from an operating loss of Ps.1,117 million in the same period of 2020.
Grupo Elektra Announces Revenue Of Ps 31,385 Million And EBITDA Of Ps 5,435 Million In The First Quarter Of 2021
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MEXICO CITY, April 27, 2021 /PRNewswire/ TV Azteca, S.A.B. de C.V. (BMV: AZTECACPO; Latibex: XTZA), one of the two largest producers of Spanish-language television programming in the world, today announced financial results for the first quarter 2021. Innovative, solid quality content, together with a low comparison base with respect to the previous year´s revenue, resulted in an 8% sales growth in the period, commented Rafael Rodríguez, CEO of TV Azteca. In spite of this, the company s revenue is well below levels prior to the health contingency, thus we strengthtened strategies that foster the company´s operational vialibilty, by means of strict content production budgeting with extraordinary costs reductions and higher efficiencies in every business segment this period, he added.