ACCESS Newswire
14 May 2019, 04:07 GMT+10
BUENOS AIRES, ARGENTINA / ACCESSWIRE / May 13, 2019 / Cablevision Holding S.A., ('Cablevision Holding', 'CVH' or 'the Company' - BCBA: CVH; LSE: CVH), controlling shareholder of Telecom Argentina S.A. (NYSE: TEO, BCBA: TECO2), announced today its First Quarter 2019 Results. Figures have been prepared in accordance with International Financial Reporting Standards ('IFRS') and are stated in constant Argentine Pesos ('Ps.' or 'P$') as of March 31, 2019, 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 Comision Nacional de Valores ('CNV'), establishes that the restatement will be applied to the annual financial statements.
CVH Highlights (1Q19 vs. 1Q18):
FINANCIAL HIGHLIGHTS
(millions of Ps.in constant Currency as of March 31, 2019) | 1Q19 | 1Q18 | % Ch. |
Total Revenues | 44,328 | 48,725 | (9.0%) |
EBITDA (1) | 14,415 | 18,412 | (21.7%) |
EBITDA Margin (2) | 32.5% | 37.8% | (13.9%) |
Income for the period | 697 | 10,213 | (93.2%) |
Attributable to: |
| ||
Equity Shareholders | (174) | 3,184.0 | (105.5%) |
Non-Controlling Interests | 871 | 7,029.0 | (87.6%) |
(1) EBITDA is defined as Total Revenues minus operating cost and expenses (excluding depreciation and amortization). We believe that EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies based on operating performance, leverage and liquidity. Nonetheless, EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute EBITDA in a different manner; therefore, EBITDA as reported by other companies may not be comparable to EBITDA as we report it.
(2) EBITDA Margin is defined as EBITDA over Total Revenues.
For a full version of this earnings release with financial statements, go to: https://www.cablevisionholding.com/Investors
Investor Relations Contacts:
In Buenos Aires:
Cablevision Holding S.A
Agustin Medina Manson, Head of Investor Relations
Valentina Lopez, Sr. Analyst
Email: [email protected]
Tel: (+54 11) 4309 - 3417
www.cvh.com.ar
In New York:
i-advize Corporate Communications, Inc
Camilla Ferreira / Kenia Vargas
Email: [email protected] / [email protected]
Tel: +1 212 406 3692
Get a daily dose of Cleveland Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cleveland Star.
More InformationREDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
(Photo credit: Jerome Miron-Imagn Images) The Baltimore Orioles are on a roll. Now it's a matter of keeping it up. They go into...
(Photo credit: Wendell Cruz-Imagn Images) Cody Bellinger hit three homers for the first time in his career and drove in six runs,...
(Photo credit: Matt Marton-Imagn Images) Mike Tauchman delivered a game-ending infield single in the 11th inning and Lenyn Sosa homered...
Washington DC [US], July 12 (ANI): Singer Coco Jones and NBA star Donovan Mitchell are officially engaged. The couple, who have...
Washington, DC [US], July 12 (ANI): The Beatles legend Paul McCartney is hitting the road again. The singer-songwriter has announced...