Grupo Clarín S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 10:29 pm EST
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Grupo Clarín S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was ARS 15,659.25 million compared to ARS 17,420.82 million a year ago. Net loss was ARS 657.01 million compared to net income of ARS 584.42 million a year ago. Basic loss per share from continuing operations was ARS 6.15 compared to basic earnings per share from continuing operations of ARS 5.47 a year ago.
For the nine months, sales was ARS 47,115.06 million compared to ARS 48,462.85 million a year ago. Net loss was ARS 496 million compared to net income of ARS 2,413.42 million a year ago. Basic loss per share from continuing operations was ARS 4.65 compared to basic earnings per share from continuing operations of ARS 22.6 a year ago.
Grupo Clarin SA is an Argentina-based company principally engaged in the provision of television (TV) cable services. The Companyâs activities are structured in four business segments: Cable TV and Internet Access, which operates a cable TV network in Latin America and provides broadband Internet services; Printing and Publishing, which focuses on the production and distribution of national and regional newspapers, as well as magazines, supplements, books, collectible products and other periodical publications; Broadcasting and Programming, which includes a variety of TV channels, radio stations and entities active in the content production and provision of advertising services, as well as Digital Content and Others, which creates, hosts and manages a variety of Websites, on-line portals and digital platforms for mobile phones, among others.
GRUPO CLARÍN S.A. 
