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Grupo Clarín announces its Results for the First Half (1H16) and Second Quarter of 2016 (2Q16)BUENOS AIRES, Argentina, Aug. 11, 2016 /PRNewswire/ -- Grupo Clarín S.A. ("Grupo Clarín" or the "Company" - LSE: GCLA; BCBA: GCLA), the largest media company in Argentina, announced today its first half and second quarter results for 2016. Figures in this report have been prepared in accordance with International Financial Reporting Standards ("IFRS") as of June 30th, 2016 and are stated in Argentine Pesos, unless otherwise indicated. Highlights (1H16 vs. 1H15):
FINANCIAL HIGHLIGHTS
(1) We define Adjusted EBITDA as net sales minus cost of sales (excluding depreciation and amortization) and selling and administrative expenses (excluding depreciation and amortization). We believe that Adjusted EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies on the basis of operating performance, leverage and liquidity. Nonetheless, Adjusted EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute Adjusted EBITDA in a different manner; therefore, Adjusted EBITDA as reported by other companies may not be comparable to Adjusted EBITDA as we report it. (2) We define Adjusted EBITDA Margin as Adjusted EBITDA over Net Sales.
Investor Relations To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grupo-clarin-announces-its-results-for-the-first-half-1h16-and-second-quarter-of-2016-2q16-300312371.html SOURCE Grupo Clarin |