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
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