Latest news with #CNV
Yahoo
5 days ago
- Business
- Yahoo
Cablevisión Holding announces its First Half and Second Quarter 2025 Results
BUENOS AIRES, ARGENTINA / / August 11, 2025 / Cablevisión Holding S.A., ("Cablevision Holding", "CVH" or "the Company")(BCBA:CVH)(OTC:CVHSY), controlling shareholder of Telecom Argentina S.A. (NYSE:TEO)(BCBA:TECO2), announced today its First Half and Second Quarter 2025 Results. Figures have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in constant Argentine Pesos ("Ps." or "P$") as of June 30, 2025, unless otherwise indicated. The Company's Management has applied IAS 29 (inflation adjustment) in the preparation of these financial statements, following the provisions of Resolution 777/18, issued by the Comisión Nacional de Valores ("CNV"). CVH Highlights (1H25 vs. 1H24): This quarter includes results of Telefónica Móvil Argentina ('TMA'), which was acquired by Telecom Argentina on February 24, 2025, hence, the results for the 1H25 aren't comparable to the results of 1H24 as they include results of TMA from March 1st 2025. Total Revenues reached Ps. 3,357,004 million, an increase of 44.4% in real terms as of 1H25, compared to the same period of 2024, mostly driven by the incorporation of revenue from TMA and by higher ARPUs in real terms in all of the services, in part the effect of price increases carried implemented in 2024 and the decrease in inflation rate; partially offset by a decrease in fixed telephony copper accesses. Total Costs (Excluding Depreciation and Amortization) reached Ps. 2,356,557 million, an increase of 44.1% in constant currency, mainly driven by higher costs on all items, driven by the incorporation of TMA. Excluding this effect, total costs reached Ps. 1,625,722 million, a decrease of 0.6% compared to 1H24. EBITDA reached Ps. 1,000,447 million as of 1H25, an increase of 45.2% in real terms compared to 1H24, mainly driven by the incorporation of TMA's EBITDA, and by higher revenues (excluding TMA), resulting in a higher EBITDA Margin of 29.8% in 1H25, compared to 29.6% in 1H24. Consolidated Net Loss amounted to Ps. 80,188 million. Consolidated net loss attributable to the Controlling Company amounted to Ps. 37,380 million. FINANCIAL HIGHLIGHTS (millions of Ps. in constant Currency as of June 30, 2025) 1H25 1H24 % Ch. 2Q25 1Q25 2Q24 QoQ YoY Total Revenues 3,357,004 2,324,104 44.4 % 1,911,678 1,445,326 1,193,553.5 32.3 % 60.2 % EBITDA (1) 1,000,447 688,776 45.2 % 524,886 475,561 347,058 10.4 % 51.2 % EBITDA Margin (2) 29.8 % 29.6 % 0.6 % 27.5 % 32.9 % 29.1 % (16.6 %) (5.6 %) Net income (80,188 ) 1,193,499 (106.7 %) (172,174 ) 91,985 79,589 (287.2 %) (316.3 %) Attributable to: Equity Shareholders (37,380 ) 459,614 (108.1 %) (67,459 ) 30,077 27,279 (324.3 %) (347.3 %) Non-Controlling Interests (42,808 ) 733,885 (105.8 %) (104,715 ) 61,908 52,310 (269.1 %) (300.2 %) (1) EBITDA is defined as Total Revenues minus operating cost and expenses (excluding depreciation and amortization). We believe that EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies based on operating performance, leverage and liquidity. Nonetheless, EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute EBITDA in a different manner; therefore, EBITDA as reported by other companies may not be comparable to EBITDA as we report it. (2 ) EBITDA Margin is defined as EBITDA over Total Revenues. Investor Relations Contacts:In Buenos Aires:Cablevisión Holding Olivieri, Head of Investor RelationsEmail: ir@ (+54 11) 4309 - In New York:Fig Corporate CommunicationsCamilla Ferreira and Marcella Ewerton DragoneEmail: fig@ +1 917 691-4047 CONFERENCE CALL AND WEBCAST INFORMATION CABLEVISIÓN HOLDING S.A(BCBA:CVH)(OTC:CVHSY)cordially invites you to participate in its Webcast Presentationto discuss the First Half and Second Quarter 2025 Results Date: Wednesday, August 13, 2025Time: 12:00pm Buenos Aires Time/11:00am New York Time/4:00pm London To access the live stream and slide presentation, visit: The webcast presentation will also be available at: ABOUT THE COMPANY CVH was founded as corporate spin-off from Grupo Clarín S.A. and it is the first Argentine holding company that engages in the development of infrastructure and the provision of convergent telecommunications services, focusing on Argentina and the region. CVH's subsidiaries specialize in the provision of cable TV, broadband and mobile communications services; and their brands are well known in the telecommunications and content distribution industries. Disclaimer Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of CVH. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. CVH does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in CVH's projections or forward-looking statements, including, among others, general economic conditions, CVH's competitive environment, risks associated with operating in Argentina a, rapid technological and market change, and other factors specifically related to CVH and its operations. SOURCE: Cablevision Holding S.A. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Grupo Clarín Announces First Half and Second Quarter 2025 Results
BUENOS AIRES, ARGENTINA / / August 11, 2025 / Grupo Clarín S.A. ("Grupo Clarín" or the "Company")(BCBA:GCLA), the largest media company in Argentina, announced today its First Half and Second Quarter 2025 results. Figures in this report have been prepared in accordance with International Financial Reporting Standards (*) ("IFRS") as of June 30, 2025 and are stated in Argentine Pesos ("Ps"), unless otherwise indicated. (*) The Company's Management has applied IAS 29 in the preparation of these financial statements (inflation adjustment) as per Resolution 777/18, issued by the Comisión Nacional de Valores ("CNV"), that establishes that the restatement must be applied to the financial statements. Highlights (1H25 vs. 1H24): For the purposes of the analysis, it should be noted that the results presented in a comparative manner (1H24) include the effect of year over year inflation as of June 30, 2025, which amounted to 39.4%. Total Revenues reached Ps. 232,047.6 million, an increase of 29.5% in real terms compared to 1H24, mainly due to higher revenues in Digital and Printed Publications and Broadcasting and Programming segments. . Adjusted EBITDA(1) reached Ps. 49,517.9 million, an increase of 908.2% compared to 4,911.4 for 1H24, mainly driven by higher EBITDA in the Digital an Printed Publications segment, mainly from school textbooks sales that had not taken place in the previous year, and higher EBITDA in the Broadcasting and Programming Segment, explained by a recovery in advertising sales during 2025. Grupo Clarín's Adjusted EBITDA Margin(2) was 21.3% in 1H25, compared to 2.7% in 1H24. Net Income for the period resulted in Ps. 30,308.2 million, a change of -314.4% compared to a loss of Ps. 14,135.6 million reported in 1H24. FINANCIAL HIGHLIGHTS (In millions of Ps.) 1H25 1H24 % Ch. 2Q25 1Q25 2Q24 QoQ YoY Total Revenues 232,047.6 179,142.4 29.5 % 131,794.1 100,253.5 96,653.1 31.5 % 36.4 % Adjusted EBITDA (1) 49,517.9 4,911.4 908.2 % 36,292.5 13,225.4 3,911.8 174.4 % 827.8 % Adjusted EBITDA Margin (2) 21.3 % 2.7 % 678.4 % 27.5 % 13.2 % 4.0 % 108.7 % 580.4 % Profit/(Loss) for the period 30,308.2 (14,135.6 ) (314.4 %) 25,149.2 5,158.9 (2,789.8 ) 387.5 % (1001.5 %) Attributable to: Equity Shareholders 30,247.5 (15,223.4 ) (298.7 %) 25,195.6 5,052.0 (3,217.6 ) 398.7 % (883.1 %) Non-Controlling Interests 60.6 1,087.8 (94.4 %) (46.3 ) 107.0 427.7 (143.3 %) (110.8 %) (1)We define Adjusted EBITDA as Total Revenues minus cost of sales (excluding depreciation and amortization) and selling and administrative expenses (excluding depreciation and amortization). We believe that Adjusted EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies based on operating performance, leverage and liquidity. Nonetheless, Adjusted EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute Adjusted EBITDA in a different manner; therefore, Adjusted EBITDA as reported by other companies may not be comparable to Adjusted EBITDA as we report it. (2)We define Adjusted EBITDA Margin as Adjusted EBITDA over Total Revenues. Investor Relations ContactsIn Buenos Aires:Samantha OlivieriGrupo Clarín +54 11 4309 7104Email: investors@ In New York:Camilla Ferreira and Marcella Ewerton DragoneFig Corporate CommunicationsTel: +1 917 691-4047E-mail: fig@ CONFERENCE CALL AND WEBCAST INFORMATION GRUPO CLARIN S.A.(BCBA: GCLA)cordially invites you to participate in its Webcast Presentationto discuss its First Half and Second Quarter 2025 Results Date: Tuesday, August 12, 2025Time: 12:00pm Buenos Aires Time/4:00pm London Time/11:00am New York TimeTo access the live stream and slide presentation, visit: The webcast presentation will also be available at ABOUT THE COMPANY Grupo Clarín is the largest media company in Argentina and a leading company in Digital and Printed Publications and broadcasting and programming markets. Its flagship newspaper -Diario Clarín- is one of the highest circulation newspapers and has the largest base of paid digital subscribers in Latin America. Grupo Clarín is the largest producer of media content in Argentina, including news, sports and entertainment and reaches substantially all segments of the Argentine population in terms of wealth, geography, and age. Disclaimer Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Grupo Clarín. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. These statements are only predictions and actual events, or results may differ materially. Grupo Clarín does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in Grupo Clarín's projections or forward-looking statements, including, among others, general economic conditions, Grupo Clarín's competitive environment, risks associated with operating in Argentina a, rapid technological and market change, and other factors specifically related to Grupo Clarín and its operations. SOURCE: Grupo Clarín S.A. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
29-07-2025
- General
- Hamilton Spectator
North Vancouver celebrates opening of new park in Central Lonsdale
Little ones can now run around, climb and play in a new park in North Vancouver. On Wednesday, July 23, dignitaries, developers and members of the the community came together to celebrate the official opening of Topo Park on the corner of East 16th Street and St. Andrews Avenue in the City of North Vancouver. City councillors unveiled the new sign during the celebration. The new 0.22-hectare park has a gentle sloping lawn for play and social gatherings and a playground that has wood structures, a long, concrete slide, a saucer swing and a climbing wall. Topo Park also has seating options, pathways and lighting for safety and accessibility alongside trees for comfort and cooling. 'This beautiful new neighbourhood park is more than a green space. It's a reflection of our council's collective vision for a healthier, more vibrant and better-connected city,' said CNV Mayor Linda Buchanan. Buchanan said the park delivers on the city's 2010 Parks Master Plan – a vision for development and renewal of parks and open spaces – which identified the area as having a critical gap in park access. In fall 2021, the city asked for community input on the park's design, and construction began last summer. Topo, short for topography, was chosen as the park's new name as a playful nod to embrace the area's natural five-metre slope. 'The City of North Vancouver is built on a mountainside, and whether we think about it or not, we navigate that topography every single day,' Buchanan said. 'Our civic naming committee worked closely with staff to select a name that reflects the joy and creativity of this neighbourhood.' North Vancouver resident Marissa Porter and her daughter Amara Coward have been eagerly waiting for the park's opening since moving into the neighbourhood in November. 'We've been watching out our window, watching it be built ever since then,' she said. 'We've been waiting for this day for a long time.' Now that the day has arrived, Porter and her daughter come to the park multiple times a day enjoying the green space and playground. Little Amara said her favourite feature is the slide. Having the park is vital in the neighbourhood as it builds community, Porter said. 'Everyone gets to come out, meet each other and make friends and have a sense of community,' she said. 'Even though we all live in different places, we all come together at the same spot.' A shade trellis is set to be installed later this summer, the city said. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Reuters
02-07-2025
- Business
- Reuters
KLM makes wages proposals after ground crews threaten to strike
AMSTERDAM, July 2 (Reuters) - KLM has made wage proposals to staff of the Dutch arm of airline group Air France KLM ( opens new tab, it said on Wednesday, after the CNV union said the company's ground crews would go on strike at Amsterdam airport on July 9 unless their demands were met. School holidays begin next week in parts of the Netherlands meaning the planned eight-hour strike would take place at a very busy time. "Today KLM made a concrete wage proposal to all unions: a one-off payment of 1,000 euros ($1,178.60) in 2025 and an up to 2.5% structural increase by July 2026, depending on the operating result for 2025," the company said in a statement. "KLM believes this offer provides enough starting points to reach an agreement with all unions. The wage negotiations will continue on 10 July," it added. Contacted by Reuters, the leader of the CNV union did not immediately reply to a request for comment on the proposals. Before this wage announcement but after the unions mentioned a strike, KLM had said it would consider asking a court to ban the planned industrial action, as it successfully did last month. CNV said it was confident a strike would not be banned this time, as it said the circumstances had changed. The court ruling in June cited security concerns at the airport related to the summit of NATO leaders that would be held in The Hague in the days prior to the announced strike. ($1 = 0.8485 euros)
Bloomberg
02-07-2025
- Business
- Bloomberg
Milei's Foreign-Exchange Shakeup Has Brokers Moving Into Banking
Argentina's brokerages are restructuring after President Javier Milei took away lucrative arbitrage opportunities that juiced their business when he rolled back capital controls. With more than 280 brokers operating in the Latin American country — a figure unmatched anywhere else in the region, according to local regulator CNV — competition has always been fierce. It's even more so now that exploiting the gap between the official and parallel exchange rates doesn't generate as much profit, and that banks can sell dollars now, too. By comparison, that far exceeds the number of brokers in Brazil, Mexico, Chile and Peru.
