Grupo Radio Centro Q1 Revenues, Income Rise
April 28, 2009 at 5:16 AM (PT)
GRUPO RADIO CENTRO first quarter broadcasting revenue rose 21.5% to Ps. 155,791,000, attributed to an increase in advertising revenue. The revenue increase lead to broadcasting income rising 79.8% to Ps. 43,641,000, and net income rose from Ps. 810,000 to Ps. 14,663,000.
The company took over KMVN/LOS ANGELES in an LMA from EMMIS on APRIL 15th. It also loans and/or operates fifteen radio stations, including 11 in MEXICO CITY. It paid a dividend of Ps. 0.614535380433443 per class A share on APRIL 13th.