Megacable profits rise nearly a quarter on new subscribers
MEXICO CITY Oct 28 (Reuters) - Mexican cable operator Megacable Holdings said on Monday that third-quarter profit rose 22.7 percent from the year-earlier quarter, as the company signed up more new subscribers.
The Guadalajara-based firm, one of Mexico's largest cable operators, reported a profit of 565.6 million pesos ($43 million), up from 460.9 million pesos in the third quarter of 2012.
Quarterly revenue climbed 9.6 percent to 2.47 billion pesos from 2.26 billion pesos a year earlier.
Megacable said it signed 124,000 new subscribers over the quarter, up 6 percent on the number from the same period last year.
Megacable shares closed flat at 42.68 pesos before the results were announced.
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