UPDATE 1-Mexico's Televisa posts quarterly profit jump, despite lower sales
By Reuters Staff (Adds details on financial income) MEXICO CITY, Feb 18 (Reuters) - Grupo Televisa Mexico’s largest broadcaster, reported gains in its fourth quarter net profit on Thursday helped by lower sales costs and strong financial income, which offset a decline in revenue. Televisa posted a 52% jump in net profit to 3.7 billion pesos ($184 million) compared with 2.4 billion pesos in the same period in 2019. The company’s net sales, however, fell to 27.8 billion pesos, 1.7% lower than in the year-earlier period. The company’s financial income for the quarter rose by more than 4.7 ...