—Capex for the quarter was equivalent to 23.9%
of the company's revenue, compared to Capex equivalent of
40.3% of revenue a year ago—
—EBITDA balance, less Capex and
interest, reached a record level of Ps. 926 million in the
period—
MEXICO
CITY, July 25, 2024 /PRNewswire/ -- Total Play
Telecomunicaciones, S.A.P.I. de C.V. ("Total Play"), a leading
telecommunications company in Mexico, which offers internet access, pay
television and telephony services, through one of the largest 100%
fiber optic networks in the country, announced today financial
results for the second quarter of 2024.
"Total Play's firm subscriber base moderation strategy, strict
financial discipline, and initiatives that strengthen our
operational efficiency, significantly boosted profitability and
cash generation this quarter. EBITDA grew double-digit, reaching a
record level of Ps.5,096 million, while EBITDA margin increased by
two percentage points to 46%," commented Eduardo Kuri, CEO of Total Play. "Capex for the
quarter was Ps.2,668 million, equivalent to 23.9% of the company's
revenue. This, along with increasing profitability, significantly
improved our cash generation — defined as EBITDA less Capex and
interest paid — to the highest level in Total Play's history."
"On the balance sheet, the solid growth in cash flow
significantly boosted our liquidity. Additionally, we amortized
bank loans and Cebures equivalent to Ps. 2,182 million in
the period, which contributed to reducing the balance of short-term
debt with cost by 30% and to further strengthen Total Play's
capital structure," added Mr. Kuri.
Second quarter results
Revenue for the quarter was Ps.11,150 million, 13% above the
Ps.9,867 million for the same period of the previous year. Total
costs and expenses were Ps.6,054 million, compared to Ps.5,490
million of the previous year.
As a result, Total Play's EBITDA grew 16% to Ps. 5,096 million,
up from Ps. 4,377 million a year ago. The EBITDA margin for the
quarter was 46%, compared to 44% in the same quarter of 2023. The
company recorded operating income of Ps. 889 million, compared to
Ps. 300 million a year ago.
Total Play reported net loss of Ps.3,733 million, from a loss of
Ps.310 million in the same quarter of 2023.
|
Q2
2023
|
Q2
2024
|
Change
|
|
|
|
Ps.
|
%
|
|
|
|
|
|
Revenue from
services
|
$9,867
|
$11,150
|
$1,283
|
13 %
|
|
|
|
|
|
EBITDA
|
$4,377
|
$5,096
|
$719
|
16 %
|
|
|
|
|
|
Operating
income
|
$300
|
$889
|
$589
|
----
|
|
|
|
|
|
Net
result
|
$(310)
|
$(3,733)
|
$(3,423)
|
----
|
|
|
|
|
|
Amounts in millions of pesos.
EBITDA: Earnings before interest, depreciation, and
amortization.
Service revenue
The company's revenue grew 13%, as a result of an 8% increase in
sales in the residential segment and a 45% increase in revenues
from the enterprise business.
Totalplay Residencial's revenue growth to Ps. 9,196 million,
compared to Ps. 8,521 million a year earlier, relates to a 9%
increase in the number of subscribers to the company's services,
compared to the same quarter a year ago, to reach 5,009,091 this
period, including 69,001 small and medium-sized businesses. The
company considers that the number of users reached this quarter
reflects its remarkable capacity to offer technologically advanced
internet services — with superior stability and speed — continuous
innovation in its entertainment platform, and an excellent
service.
Compared to the previous quarter, the number of net additions
grew by 101,702 users, in line with Total Play's strategy of
moderating its subscriber base growth.
Average revenue per subscriber (ARPU) for the quarter was
Ps.612, compared to Ps.615 a year ago.
As previously announced, the company's geographic coverage
investment program was completed during the first quarter of 2023.
Accordingly, the number of homes passed in Mexico at the end of this period was
17,590,606, a figure with minor variations compared to 17,503,742 a
year ago.
Penetration — the proportion of homes passed by Total Play that
have the company's telecommunications services — was 28.5% at the
end of the quarter, up from 26.2% a year ago.
The enterprise segment's revenue was Ps.1,954 million, up from
Ps.1,346 million in the previous year, due to the launch of various
organizations´ projects in recent months.
Costs and expenses
Total costs and expenses increased 10%, as a result of a 15%
increase in service costs and an 8% increase in general
expenses.
The increase in costs to Ps. 2,187 million from Ps. 1,902
million in the previous year is primarily due to higher costs
associated with business projects, links, and memberships. This
increase was partially offset by lower content and licensing
costs.
The increase in expenses to Ps. 3,867 million, from Ps. 3,588
million, reflects higher maintenance and fees expenses, in the
context of the company's growing operations. This increase was
partially offset by reductions in advertising and personnel
expenses, resulting from strategies that generate solid operating
efficiencies.
EBITDA and net result
Total Play's EBITDA was Ps.5,096 million, 16% higher compared to
Ps.4,377 million of the previous year.
Relevant variations below EBITDA were the following:
An increase of Ps.130 million in depreciation and amortization
mainly due to user acquisition costs, including telecommunications
equipment, labor, and installation expenses.
An increase of Ps.582 million in changes in the fair value of
financial instruments, largely due to the recording of the
remaining expenses associated with the issuance of the company's
Senior Notes due in 2025, as a result of the 90% exchange of these
notes with the new Senior Notes with final maturity in 2028, as
previously announced.
An increase of Ps.209 million in interest expense consistent
with the financial debt balance variation, attributable to the
exchange rate depreciation effect on dollar-denominated debt this
quarter, as well as higher debt costs.
A foreign exchange loss of Ps. 2,473 million this period,
compared to a gain of Ps. 1,619 million a year ago, resulted from a
net liability monetary position in foreign currency and the
depreciation of the peso against the basket of currencies in which
the company's monetary liabilities are denominated this quarter.
This contrasts with the exchange rate appreciation experienced in
the previous year.
Total Play reported a net loss of Ps.3,733 million, compared to
a loss of Ps.310 million in the same period of 2023.
Balance sheet
As of June 30, 2024, the Company's
debt with cost was Ps.52,919 million, compared to Ps.47,684 million
in the previous year. The increase shows the effect of exchange
rate depreciation on dollar-denominated debt.
Lease liabilities were Ps.5,210 million, 24% lower compared to
Ps.6,868 million of the previous year.
Cash and cash equivalents, plus restricted cash held in trusts,
totaled Ps. 5,225 million, a 23% increase from Ps. 4,249 million a
year ago. Consequently, the company's net debt was Ps. 52,904
million, compared to Ps. 50,303 million a year ago.
The debt ratio — Net Debt / EBITDA for the last two annualized
quarters — was 2.62 times, as a result of solid EBITDA growth,
together with greater relative stability of the net debt
balance.
Consistent with the strategy to extend Total Play's debt profile
— in line with the company's cash generation — the balance of
short-term debt with cost was reduced by 30% to Ps.4,212 million,
from Ps.5,994 million a year ago.
Total Play's fixed assets — including accumulated investments in
fiber optics, telecommunications equipment, subscriber acquisition
costs, and other assets — was Ps.61,775 million, compared to Ps.
59,912 million a year ago.
Six months results
Revenue for the first six months of 2024 was Ps.22,237 million,
13% higher from Ps.19,694 million the previous year. This growth
was driven by a 37% increase in enterprise revenues and a 9% growth
in residential revenues. Total costs and expenses rose 12% to
Ps.12,154 million from Ps.10,883 million, due to a 10% increase in
general expenses and a 15% increase in service costs.
Total Play reported EBITDA of Ps.10,083 million, a 14% increase
from Ps.8,811 million the previous year. The EBITDA margin for the
period was 45%. Operating income reached Ps.1,724 million, up from
Ps.892 million in the same period of 2023.
The company recorded a net loss of Ps.4,897 million, compared to
a profit of Ps.6 million a year ago.
|
6M
2023
|
6M
2024
|
Change
|
|
|
|
Ps.
|
%
|
|
|
|
|
|
Revenue from
services
|
$19,694
|
$22,237
|
$2,543
|
13 %
|
|
|
|
|
|
EBITDA
|
$8,811
|
$10,083
|
$1,272
|
14 %
|
|
|
|
|
|
Operating
income
|
$892
|
$1,724
|
$832
|
93 %
|
|
|
|
|
|
Net
result
|
$6
|
$(4,897)
|
$(4,903)
|
----
|
|
|
|
|
|
Amounts in millions of pesos.
EBITDA: Earnings before interest, depreciation, and
amortization.
About Total Play
Total Play is a leading Triple Play provider in Mexico that, thanks to the widest
direct-to-home fiber optic network in the country, offers
entertainment and technologically advanced services with the
highest quality and speed in the market. For the latest news and
updates about Total Play, visit: www.totalplay.com.mx.
Total Play is a Grupo Salinas company (www.gruposalinas.com), a
group of dynamic, fast-growing, and technologically advanced
companies focused on creating economic value through market
innovation and goods and services that improve standards of living;
social value to improve community well-being; and environmental
value by reducing the negative impact of its business activities.
Created by Mexican entrepreneur Ricardo B.
Salinas (www.ricardosalinas.com), Grupo Salinas operates as
a management development and decision forum for the top leaders of
member companies. Each of the Grupo Salinas companies operates
independently, with its own management, board of directors, and
shareholders. Grupo Salinas has no equity holdings. The group of
companies shares a common vision, values, and strategies for
achieving rapid growth, superior results, and world-class
performance.
Except for historical information, the matters discussed in
this press release are concepts about the future that involve risks
and uncertainty that may cause actual results to differ materially
from those projected. Other risks that may affect Total Play and
its subsidiaries are presented in documents sent to the securities
authorities.
|
Investor
Relations:
|
|
Bruno
Rangel
|
|
Rolando
Villarreal
|
+ 52 (55) 1720
9167
|
|
+ 52 (55) 1720
9167
|
jrangelk@totalplay.com.mx
|
|
rvillarreal@totalplay.com.mx
|
|
|
|
|
Press
Relations:
|
|
|
Luciano
Pascoe
Tel. +52 (55) 1720 1313
ext. 36553
lpascoe@gruposalinas.com.mx
|
|
TOTAL PLAY
TELECOMUNICACIONES, S.A.P.I. DE C.V. AND
SUBSIDIARIES
|
CONSOLIDATED
QUARTERLY INCOME STATEMENTS
|
(Millions of Mexican
pesos)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2Q23
|
|
2Q24
|
|
Change
|
|
$
|
%
|
|
$
|
%
|
|
$
|
%
|
|
|
|
|
|
|
|
|
|
Revenue from
services
|
9,867
|
100 %
|
|
11,150
|
100 %
|
|
1,283
|
13 %
|
|
|
|
|
|
|
|
|
|
Cost of
services
|
(1,902)
|
(19 %)
|
|
(2,187)
|
(20 %)
|
|
(285)
|
(15 %)
|
|
|
|
|
|
|
|
|
|
Gross
profit
|
7,965
|
81 %
|
|
8,963
|
80 %
|
|
998
|
13 %
|
|
|
|
|
|
|
|
|
|
General
expenses
|
(3,588)
|
(36 %)
|
|
(3,867)
|
(35 %)
|
|
(279)
|
(8 %)
|
|
|
|
|
|
|
|
|
|
EBITDA
|
4,377
|
44 %
|
|
5,096
|
46 %
|
|
719
|
16 %
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
(4,077)
|
(41 %)
|
|
(4,207)
|
(38 %)
|
|
(130)
|
(3 %)
|
|
|
|
|
|
|
|
|
|
Operating
profit
|
300
|
3 %
|
|
889
|
8 %
|
|
589
|
196 %
|
|
|
|
|
|
|
|
|
|
Financial
cost:
|
|
|
|
|
|
|
|
|
Interest
revenue
|
39
|
0 %
|
|
74
|
1 %
|
|
35
|
90 %
|
Change in fair value of
financial instruments
|
(135)
|
(1 %)
|
|
(717)
|
(6 %)
|
|
(582)
|
n.m.
|
Accrued interest
expense
|
(1,356)
|
(14 %)
|
|
(1,565)
|
(14 %)
|
|
(209)
|
(15 %)
|
Other financial
expenses
|
(108)
|
(1 %)
|
|
100
|
1 %
|
|
208
|
193 %
|
Foreign exchange gain
(loss) - Net
|
1,619
|
16 %
|
|
(2,473)
|
(22 %)
|
|
(4,092)
|
n.m.
|
|
59
|
1 %
|
|
(4,581)
|
(41 %)
|
|
(4,640)
|
n.m.
|
|
|
|
|
|
|
|
|
|
Equity interest in net
results of non-controlling entities
|
(18)
|
(0 %)
|
|
-
|
0 %
|
|
18
|
100 %
|
|
|
|
|
|
|
|
|
|
Profit (Loss) before
income tax provisions
|
341
|
3 %
|
|
(3,692)
|
(33 %)
|
|
(4,033)
|
n.m.
|
|
|
|
|
|
|
|
|
|
Income tax
provision
|
(651)
|
(7 %)
|
|
(41)
|
(0 %)
|
|
610
|
94 %
|
|
|
|
|
|
|
|
|
|
Net loss for the
period
|
(310)
|
(3 %)
|
|
(3,733)
|
(33 %)
|
|
(3,423)
|
n.m.
|
TOTAL PLAY
TELECOMUNICACIONES, S.A.P.I. DE C.V. AND
SUBSIDIARIES
|
CONSOLIDATED
ACCUMULATED INCOME STATEMENTS
|
(Millions of Mexican
pesos)
|
|
|
|
|
|
|
|
|
|
|
Accumulated
|
|
Accumulated
|
|
|
|
|
6M23
|
|
6M24
|
|
Change
|
|
$
|
%
|
|
$
|
%
|
|
$
|
%
|
|
|
|
|
|
|
|
|
|
Revenue from
services
|
19,694
|
100 %
|
|
22,237
|
100 %
|
|
2,543
|
13 %
|
|
|
|
|
|
|
|
|
|
Cost of
services
|
(3,910)
|
(20 %)
|
|
(4,482)
|
(20 %)
|
|
(572)
|
(15 %)
|
|
|
|
|
|
|
|
|
|
Gross
profit
|
15,784
|
80 %
|
|
17,755
|
80 %
|
|
1,971
|
12 %
|
|
|
|
|
|
|
|
|
|
General
expenses
|
(6,973)
|
(35 %)
|
|
(7,672)
|
(35 %)
|
|
(699)
|
(10 %)
|
|
|
|
|
|
|
|
|
|
EBITDA
|
8,811
|
45 %
|
|
10,083
|
45 %
|
|
1,272
|
14 %
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
(7,919)
|
(40 %)
|
|
(8,359)
|
(38 %)
|
|
(440)
|
(6 %)
|
|
|
|
|
|
|
|
|
|
Operating
profit
|
892
|
5 %
|
|
1,724
|
8 %
|
|
832
|
93 %
|
|
|
|
|
|
|
|
|
|
Financial
cost:
|
|
|
|
|
|
|
|
|
Interest
revenue
|
90
|
0 %
|
|
143
|
1 %
|
|
53
|
59 %
|
Change in fair value of
financial instruments
|
(324)
|
(2 %)
|
|
(1,014)
|
(5 %)
|
|
(690)
|
n.m.
|
Accrued interest
expense
|
(2,682)
|
(14 %)
|
|
(3,042)
|
(14 %)
|
|
(360)
|
(13 %)
|
Other financial
expenses
|
(220)
|
(1 %)
|
|
59
|
0 %
|
|
279
|
127 %
|
Foreign exchange gain
(loss) - Net
|
3,471
|
18 %
|
|
(2,063)
|
(9 %)
|
|
(5,534)
|
(159 %)
|
|
335
|
2 %
|
|
(5,917)
|
(27 %)
|
|
(6,252)
|
n.m.
|
|
|
|
|
|
|
|
|
|
Equity interest in net
results of non-controlling entities
|
(19)
|
(0 %)
|
|
-
|
0 %
|
|
(19)
|
(100 %)
|
|
|
|
|
|
|
|
|
|
Profit (Loss) before
income tax provisions
|
1,208
|
6 %
|
|
(4,193)
|
(19 %)
|
|
(5,401)
|
n.m.
|
|
|
|
|
|
|
|
|
|
Income tax
provision
|
(1,202)
|
(6 %)
|
|
(704)
|
(3 %)
|
|
(498)
|
(41 %)
|
|
|
|
|
|
|
|
|
|
Net Profit (Loss)
for the period
|
6
|
0 %
|
|
(4,897)
|
(22 %)
|
|
(4,903)
|
n.m.
|
TOTAL PLAY
TELECOMUNICACIONES, S.A.P.I. DE C.V. AND
SUBSIDIARIES
|
CONSOLIDATED BALANCE
SHEETS
|
(Millions of Mexican
pesos)
|
|
|
|
|
|
|
|
|
|
|
|
|
As of Jun
30,
|
|
|
|
|
|
2023
|
|
|
2024
|
|
|
Change
|
|
|
$
|
%
|
|
$
|
%
|
|
$
|
%
|
Assets
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
1,290
|
2 %
|
|
2,728
|
3 %
|
|
1,438
|
111 %
|
Restricted cash in
trusts
|
|
2,959
|
4 %
|
|
2,497
|
3 %
|
|
(462)
|
(16 %)
|
Customers -
net
|
|
4,563
|
5 %
|
|
4,869
|
6 %
|
|
306
|
7 %
|
Other accounts
receivable
|
|
146
|
0 %
|
|
168
|
0 %
|
|
22
|
15 %
|
Recoverable
taxes
|
|
3,975
|
5 %
|
|
4,057
|
5 %
|
|
82
|
2 %
|
Related
parties
|
|
247
|
0 %
|
|
312
|
0 %
|
|
65
|
26 %
|
Inventories
|
|
2,489
|
3 %
|
|
2,581
|
3 %
|
|
92
|
4 %
|
Prepaid
expenses
|
|
595
|
1 %
|
|
729
|
1 %
|
|
134
|
23 %
|
Total current
assets
|
|
16,264
|
19 %
|
|
17,941
|
21 %
|
|
1,677
|
10 %
|
|
|
|
|
|
|
|
|
|
|
NON-CURRENT
ASSETS
|
|
|
|
|
|
|
|
|
|
Related
parties
|
|
222
|
0 %
|
|
257
|
0 %
|
|
35
|
16 %
|
Property, plant and
equipmente - Net
|
|
59,912
|
71 %
|
|
61,775
|
71 %
|
|
1,863
|
3 %
|
Rights-of-use assets
-Net
|
|
6,064
|
7 %
|
|
4,129
|
5 %
|
|
(1,935)
|
(32 %)
|
Trademarks and other
assets
|
|
1,423
|
2 %
|
|
2,473
|
3 %
|
|
1,050
|
74 %
|
Total non-current
assets
|
|
67,621
|
81 %
|
|
68,634
|
79 %
|
|
1,013
|
1 %
|
Total
assets
|
|
83,885
|
100 %
|
|
86,575
|
100 %
|
|
2,690
|
3 %
|
|
|
|
|
|
|
|
|
|
|
Liabilities and
Stockholders' Equity
|
|
|
|
|
|
|
|
|
|
SHORT-TERM
LIABILITIES
|
|
|
|
|
|
|
|
|
|
Financial
debt
|
|
5,994
|
7 %
|
|
4,212
|
5 %
|
|
(1,782)
|
(30 %)
|
Lease
liabilities
|
|
2,319
|
3 %
|
|
2,604
|
3 %
|
|
285
|
12 %
|
Trade
payables
|
|
12,603
|
15 %
|
|
16,401
|
19 %
|
|
3,798
|
30 %
|
Reverse
factoring
|
|
2,606
|
3 %
|
|
1,452
|
2 %
|
|
(1,154)
|
(44 %)
|
Other payables and
payable taxes
|
|
1,910
|
2 %
|
|
1,901
|
2 %
|
|
(9)
|
(0 %)
|
Related
parties
|
|
777
|
1 %
|
|
1,268
|
1 %
|
|
491
|
63 %
|
Liabilities from
contracts with customers
|
|
665
|
1 %
|
|
601
|
1 %
|
|
(64)
|
(10 %)
|
Interest
payable
|
|
359
|
0 %
|
|
226
|
0 %
|
|
(133)
|
(37 %)
|
Derivative financial
instruments
|
|
187
|
0 %
|
|
48
|
0 %
|
|
(139)
|
(74 %)
|
Total short-term
liabilities
|
|
27,420
|
33 %
|
|
28,713
|
33 %
|
|
1,293
|
5 %
|
|
|
|
|
|
|
|
|
|
|
LONG-TERM
LIABILITIES
|
|
|
|
|
|
|
|
|
|
Financial
debt
|
|
41,690
|
50 %
|
|
48,707
|
56 %
|
|
7,017
|
17 %
|
Lease
liabilities
|
|
4,549
|
5 %
|
|
2,606
|
3 %
|
|
(1,943)
|
(43 %)
|
Derivative financial
instruments
|
|
2,169
|
3 %
|
|
-
|
0 %
|
|
(2,169)
|
(100 %)
|
Employee
benefits
|
|
46
|
0 %
|
|
92
|
0 %
|
|
46
|
100 %
|
Deferred income
tax
|
|
3,557
|
4 %
|
|
6,259
|
7 %
|
|
2,702
|
76 %
|
Total long-term
liabilities
|
|
52,011
|
62 %
|
|
57,664
|
67 %
|
|
5,653
|
11 %
|
Total
liabilities
|
|
79,431
|
95 %
|
|
86,377
|
100 %
|
|
6,946
|
9 %
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS'
EQUITY
|
|
4,454
|
5 %
|
|
198
|
0 %
|
|
(4,256)
|
(96 %)
|
Total liabilities
and stockholders' equity
|
|
83,885
|
100 %
|
|
86,575
|
100 %
|
|
2,690
|
3 %
|
TOTAL PLAY TELECOMUNICACIONES, S.A.P.I. DE C.V. AND
SUBSIDIARIES
|
CONSOLIDATED STATEMENTS OF CASH
FLOWS
|
(Millions of Mexican
pesos)
|
|
|
|
|
|
|
|
|
|
|
6th months period
ended
|
|
|
|
|
Jun 30,
|
|
|
|
|
2023
|
2024
|
Operating
activities:
|
|
|
|
|
|
Profit (Loss) before
income tax provision
|
|
|
|
1,208
|
(4,193)
|
Items not requiring the
use of resources:
|
|
|
|
|
|
Depreciation and
amortization
|
|
|
|
7,919
|
8,359
|
Employee
benefits
|
|
|
|
(3)
|
18
|
Items related to
investing or financing activities:
|
|
|
|
|
|
Accrued interest
income
|
|
|
|
(90)
|
(143)
|
Accrued interest
expense and other financial transactions
|
|
|
|
3,238
|
4,115
|
Unrealized foreign
exchange gain
|
|
|
|
(3,540)
|
2,268
|
Effect per
conversion
|
|
|
|
19
|
-
|
|
|
|
|
8,751
|
10,424
|
Resources (used in)
generated by operating activities:
|
|
|
|
|
|
Customers and unearned
revenue
|
|
|
|
622
|
(836)
|
Other
receivables
|
|
|
|
90
|
14
|
Related parties,
net
|
|
|
|
316
|
291
|
Taxes to be
recovered
|
|
|
|
(165)
|
84
|
Inventories
|
|
|
|
(147)
|
345
|
Advance
payments
|
|
|
|
313
|
(200)
|
Trade
payables
|
|
|
|
1,905
|
2,578
|
Other
payables
|
|
|
|
(527)
|
(24)
|
|
|
|
|
|
|
Cash flows generated by
operating activities
|
|
|
|
11,158
|
12,676
|
|
|
|
|
|
|
Investing
activities:
|
|
|
|
|
|
Acquisition of
property, plant and equipment
|
|
|
|
(8,076)
|
(5,961)
|
Other assets
|
|
|
|
(75)
|
(390)
|
Collected
interest
|
|
|
|
90
|
143
|
|
|
|
|
|
|
Cash flows (used in)
investing activities
|
|
|
|
(8,061)
|
(6,208)
|
|
|
|
|
|
|
Financing
activities:
|
|
|
|
|
|
Equity
contributions
|
|
|
|
-
|
700
|
Loans
received
|
|
|
|
1,475
|
(1,267)
|
Leasing cash
flows
|
|
|
|
(1,303)
|
(1,217)
|
Restricted Cash in
Trusts
|
|
|
|
(971)
|
880
|
Reverse
factoring
|
|
|
|
(85)
|
(782)
|
Derivative financial
instruments
|
|
|
|
(267)
|
(1,475)
|
Interest
payment
|
|
|
|
(2,546)
|
(2,956)
|
|
|
|
|
|
|
Cahs flows used in
financing activities
|
|
|
|
(3,697)
|
(6,117)
|
|
|
|
|
|
|
Net increase (decrease)
in cash and cash equivalents
|
|
|
|
(600)
|
351
|
Cash and cash
equivalents at the beginning of the year
|
|
|
|
1,890
|
2,377
|
|
|
|
|
|
|
Cash and cash
equivalents at the end of the year
|
|
|
|
1,290
|
2,728
|
View original
content:https://www.prnewswire.com/news-releases/total-play-announces-16-growth-in-ebitda-in-the-second-quarter-of-2024-to-an-all-time-high-of-ps5-096-million-302207093.html
SOURCE Total Play Telecomunicaciones, S.A.P.I. de C.V.