TV Azteca from Mexico increased its revenues 12% and reduced 18% its losses in 1Q 2016

 

Telecommunications company TV Azteca from Mexico presented its financial report for the first quarter of 2016 which showed a 12% increase in revenues and a 18% reduction in losses (in local currency) compared with the same period of 2015.

 

The company reported net sales of USD 164.5 million, USD 31.8 million losses and EBITDA of USD 23.6 million (7% more than in 1Q 2016). It also announced a renewal of its strategic approach.

 

“We will combine creativity with optimal profitability, so the productions, as well as being competitive, will follow strict financial criteria, and drive cash generation in an increasing way”, wrote the CEO of TV Azteca, Benjamin Salinas, in the letter to investors.

 

The company showed revenues of content international sales for USD 1.6 million. Azteca America channel in the United States produced USD 18.8 million; TV Azteca Guatemala and Honduras, USD 0.7 million. The Azteca Communications division in Colombia had revenues of USD 8.3 million and of USD 16.1 million in Peru.

 

The company had one of the worst 2015 possible. It registered in its annual financial report a net loss of USD 144.7 million when in 2014 the company had profits of USD 15.4 million, a figure that already aroused fears.