BUENOS AIRES, ARGENTINA / ACCESSWIRE / March 8, 2024 / Grupo Clarín S.A. , the largest media company in Argentina, announced today its Full Year and Last Quarter 2023 results. Figures in this report have been prepared in accordance with International Financial Reporting Standards as of December 31, 2023 and are stated in Argentine Pesos , unless otherwise indicated.
The Company's Management has applied IAS 29 in the preparation of these financial statements as per Resolution 777/18, issued by the Comisión Nacional de Valores , that establishes that the restatement must be applied to the financial statements. We define Adjusted EBITDA as Total Revenues minus cost of sales and selling and administrative expenses . We believe that Adjusted EBITDA is a meaningful measure of our performance.
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