Signal linked to Andronic Luksic had gains for the second consecutive quarter, adding profits for $ 1,548,000 in nine months.
Canal 13 and Chilevisión television stations reported an improvement in their financial year in the third quarter of this year. In the case of the signal linked to the businessman Andrónico Luksic, in the period between January and September, he added gains of $ 1,548,000, compared to losses of $ 7,588,000 suffered in the first nine months of 2017. This figure represented the second consecutive semester in which the company reports blue figures.
In this positive evolution, the balance of Canal 13 highlights the increase of 16.4% in revenues in September, closing this way with a total amount of $ 58,783,000. The company indicated that the main factors were the increase in advertising sales, the extraordinary contribution of the sales of equipment within the framework of the outsourcing of areas of production in the Spanish Sequoia, and the transfer of antennas to Torres Unides, that has been doing progressively for four years.
The previous one was accompanied by a better scenario in terms of costs, which went from $ 50,987,000 to September 2017, to $ 46,685,000 the same month this year. This decrease of 8.4% "corresponds, in part, to a different combination between smaller own-performing programs and increased purchase of packaged programs," the firm said.
In relation to the expectations for the closing of the year, from the channel they trust that the trajectory during the fourth quarter of 2018 allows them to continue maintaining utilities, although they warn that its magnitude can be smaller based on the smaller dynamism of the advertising industry observed in recent months.
Chilevisión reduced losses by 71%
For its part, Chilevisión reported a 71% reduction in its losses in the third quarter of this year, an item that was reduced by more than one billion pesos to be at $ 413 million. In this way, the figures in red during the first nine months of this year added $ 7,297,000, with $ 104 million less than in the same period of 2017.
The station noted that the main explanation of this improvement in the July-September period is the increase in ordinary revenue by 21% to total $ 14,473,000. "This was the best quarter in the last three years of Chilevisión, mainly thanks to the success of our Prime blog, which increased 16% in the home rating and 33% in commercial valuation. Last year, CHV not only went from third to second place in the rating, but it is the only channel that has increased its audience levels by 3% in home rating, "said Anselmo Grané, CFO of Turner Chile.
Based on these results, the executive estimated that they could mark a turning point, because according to estimates of the chain, "during the last quarter of the year, the losses could be reduced even more. "