Shares in Mexico’s TV Azteca up more than 5% after Q4 results

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The company posted a net profit of 125.42 million pesos, down from the 249.07 million pesos from the year-earlier period, but alongside a reported 31.14% surge in revenue to 5.2 billion pesos.

Stock in Mexico’s second-biggest broadcaster suffered a daily fall of more than 30% last week after the firm’s creditors filed an involuntary petition to place it in U.S. Chapter 11 bankruptcy protection, but later recovered some ground.