Grupo Radio Centro, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 28, 2021 at 05:04 pm EDT
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Grupo Radio Centro, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was MXN 165.61 million compared to MXN 134.42 million a year ago. Net loss was MXN 645.2 million compared to MXN 39.23 million a year ago.
For the nine months, sales was MXN 419.32 million compared to MXN 390.53 million a year ago. Net loss was MXN 779.28 million compared to net income of MXN 89.29 million a year ago.
Grupo Radio Centro, S.A.B. de C.V. (Grupo Radio Centro) is a Mexico-based broadcasting company. The main activities of Grupo Radio Centro are the production and broadcasting of musical and entertainment programs, programs of information and analysis, news and special events. Grupo Radio Centro operates and owns fifteen radio stations. Of these fifteen radio stations, twelve are located in Mexico City, one AM station located in Guadalajara, one in Monterrey and one FM station in Los Angeles, California. The Company also operates a chain of radio, Impelling Radio Organization (OIR), which provides programming and acts as representative domestic sales of more than a hundred radio stations affiliated to Grupo Radio Centro along the Mexican Republic. The Company sells airtime commercial radio stations.