2024-09-21 07:30:22
These results are explained by the increase in sales costs and administrative expenses, which rose by $2.65 billion, an increase of 9.3% compared to the same period in 2023.
Chilean National Television (TVN) is unable to turn its financial course around, since in a report presented to the Financial Market Commission (CMF) they specified that Losses for the first half of the year reach $10.882 billion, 345.8% more compared to the same period last year, where they stood at $8.49 billion.
For its part, TVN’s return on equity fell by 27.2%while second-quarter losses reached $5.178 billion, an increase of 498% compared to 2023.
The president of the board of directors of the public channel, Francisco Vidal, had already announced that the accumulated debt of the station was $50 billion, to which he added that the accumulated losses amount to $82.269 billion.
The document submitted to the CMF reveals a drop in total revenue, which reached $23,164 million, a decrease of $3,352 million or 12.6% compared to the first half of the previous year.
These results are explained by the increase in sales costs and administrative expenses, which rose by $2.65 billion, an increase of 9.3% compared to the same period in 2023, especially due to the variation in the CPI and the cost of the program Now I fall.