Shares in Mexico's TV Azteca up more than 5% after Q4 results
Reuters
Published Mar 28, 2023 02:59PM ET
MEXICO CITY (Reuters) - Shares in Mexican broadcaster TV Azteca rose more than 5% on Tuesday, a day after the publication of its fourth quarter 2022 results.
The company posted a net profit of 125.42 million pesos, down from the 249.07 million pesos from the year-earlier period, but alongside a reported 31.14% surge in revenue to 5.2 billion pesos.
Stock in Mexico's second-biggest broadcaster suffered a daily fall of more than 30% last week after the firm's creditors filed an involuntary petition to place it in U.S. Chapter 11 bankruptcy protection, but later recovered some ground.
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Written By: Reuters
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