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Grupo Clarin income falls sharply in Q3

By BFN News | 08:01 AM | Friday 09 November, 2018


Grupo Clarin said Friday third-quarter income fell sharply even as revenue inched higher driven largely by upbeat performance in the printing and publishing segment. For the three months to 30 September, income fell 92.4% to Ps. 39.8m and revenue rose 2.1% to Ps. 4.09bn. The plunge income was attributed to lower results of discontinued operations from Cablevision. (EBITDA) for the third quarter fell 21.8% to Ps. 421.3m from the same period last year. Story provided by StockMarketWire.com

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