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UPDATE 1-Mexico's Televisa posts quarterly profit jump, despite lower sales

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(Adds details on financial income)

MEXICO CITY, Feb 18 (Reuters) - Grupo TelevisaMexico's largest broadcaster, reported gains in its fourthquarter net profit on Thursday helped by lower sales costs andstrong financial income, which offset a decline in revenue.

Televisa posted a 52% jump in net profit to 3.7 billionpesos ($184 million) compared with 2.4 billion pesos in the sameperiod in 2019.

The company's net sales, however, fell to 27.8 billionpesos, 1.7% lower than in the year-earlier period.

The company's financial income for the quarter rose by morethan 4.7 billion pesos to reach 6.5 billion pesos, according toa statement filed with the Mexican stock exchange.

Televisa did not detail what caused the increase. Financialincome and expenses often relate to currency exchange rates ordebt.

Sales costs also fell 9.4% in the quarter compared to a yearearlier, the company said.

Advertising sales were relatively flat at 6.7 billion pesos,the company reported, adding that the figure represented arecovery across most categories among private sector clientscompared with the prior two quarters.

Sales in Televisa's "other business" unit, a division thatincludes film distribution and a soccer team, fell sharply by39.5%.

($1= 19.9500 pesos at end-December)(Reporting by Cassandra Garrison and Noe Torres; editing byGrant McCool)