Q2 2022 Megacable Holdings SAB de CV Earnings Call Transcript

Feb 14, 2024

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Jul 28, 2022 / 03:00PM GMT
Operator

Good morning, and welcome to Megacable's Second Quarter 2022 Earnings Conference Call. With us this morning from Megacable, we have Mr. Enrique Yamuni, CEO; Mr. Raymundo Fernandez, Deputy CEO; and Mr. Luis Zetter, CFO.

Let me remind you that the information discussed in today's earnings call may include forward-looking statements on the company's future financial performance and prospects, which are subject to risks and uncertainties. Megacable undertakes no obligation to update or revise any forward-looking statements.

I will now turn the call over to Mr. Enrique Yamuni. Sir, you may begin.

Enrique Yamuni Robles - Megacable Holdings, S. A. B. de C. V. - CEO, MD & Director

Good morning, everyone, and thank you for joining us today. During the second quarter of 2022, the country continued to face a complicated economic scenario, highlighting an inflation rate that continues to rise. Increases in Banxico's reference rate and a GDP annual growth expectation below 2%. These factors are being reflected in the economic activity and in purchasing

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