Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Argentina-based media company Grupo Clarin reported wider losses as revenue fell by more than a quarter in the first of the year, pressured by lower advertising revenue.
For the six months ended June 30, the company reported a loss of Ps. 377.6m, compared with a loss of Ps. 329.8m on-year as revenue fell 28.6% to 10,232.9m.
The fall in revenue was 'mainly due to lower advertising revenues in all segments and lower circulation in the printing and publishing segment,' the company said.