StockMarketWire.com - Media company Grupo Clarin reported wider first-quarter losses as lower advertising revenue and circulations in its printing and publishing division dented performance.

For the three months to March 31, pre-tax losses widened to (Argentine Pesos) Ps. 616.7m from Ps. 239.7m on-year as revenue fell 16.1% to Ps. 5,116.0m.

Total revenues in printing and publishing decreased by 17.8% to Ps. 2,586.0m in the quarter on-year.




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