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IN BRIEF / Entertainment

Grupo Televisa Reports Increased Profit

July 25, 2002|Bloomberg News

Grupo Televisa, Mexico's largest broadcaster, said second-quarter profit soared nearly fivefold from a year earlier on higher advertising sales from airing World Cup soccer tournament games in June.

The company reported net income of 1.19 billion pesos, up from 248 million pesos the year before. Some analysts had predicted profit would fall to 141 million pesos.

Advertising sales in the April-June period soared 10% to 5.19 billion pesos from 4.71 billion pesos a year earlier.

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