Megacable Holdings SAB de CV (MEX:MEGACPO)
MXN 40.75 -1.46 (-3.46%) Market Cap: 34.98 Bil Enterprise Value: 56.93 Bil PE Ratio: 21.30 PB Ratio: 1.02 GF Score: 85/100
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Q2 2020 Megacable Holdings SAB de CV Earnings Call Transcript

Jul 24, 2020 / 03:00PM GMT
Release Date Price: MXN70.01 (-1.81%)
Operator

Good morning and welcome to Megacable's Second Quarter 2020 Earnings Conference Call. With us this morning from Megacable, we have Mr. Enrique Yamuni, CEO; Mr. Raymundo Fernández, Deputy CEO; and Mr. Luis Zetter, CFO.

Let me remind you that the information discussed in today's earnings call may include forward-looking statements on the company's future financial performance and prospects, which are subject to risks and uncertainties. Megacable undertakes no obligation to update or revise any forward-looking statement.

I will now turn the call over to Mr. Enrique Yamuni. Sir, you may begin.

Enrique Yamuni Robles
Megacable Holdings, S. A. B. de C. V. - CEO, MD & Director

Good morning, everyone, and thank you for joining us today. The second quarter of 2020 was marked by the challenges arising on the measures deploying to contain the COVID-19 spread highlighting the significant economic slowdown reflected in the loss of more than 900,000 formal jobs as of June 30 according to that data provided by Instituto Mexicano del Seguro Social of 12

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