Portugal Telecom Q1 net profit falls 51.7%

Thursday 23 May 2013 | 14:47 CET | News
Portugal Telecom reported first-quarter net profit down 51.7 percent from a year earlier to EUR 26.7 million, hurt by an increase in financing costs and taxes. Revenues fell 9.5 percent to EUR 1.553 billion, hurt by the weaker Portuguese market and negative currency effects in Brazil. EBITDA fell a slower 7.9 percent to EUR 526.3 million, thanks to 10.3 percent reduction in operating costs. Capex increased 10.7 percent due to investments at Oi in Brazil to EUR 296.5 million, while operating cash flow was down 49.0 percent to EUR 57.9 million. Adjusted net debt increased to EUR 7.91 billion,

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Oi / Portugal Telecom
Countries: Portugal
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Portugal Telecom aims for synergies with Oi

Published 07 Jun 2013 22:24 CET | Brazil
Portugal Telecom wants to speed up the difficult recovery of Brazilian operator Oi and capture crucial synergies between the two ...

Bestinver has qualified shareholding in Portugal Telecom

Published 28 May 2013 09:36 CET | Portugal
Portugal Telecom has disclosed that Spanish fund manager Bestinver Gestion now holds a qualified holding exceeding 2 percent of ...

Portugal Telecom raises EUR 1 bln in seven-year debt issue

Published 30 Apr 2013 15:17 CET | Portugal
Portugal Telecom announced that it has successfully completed the issue of a EUR 1 billion bond with a maturity of seven years. ...

Oi revenue up 3.5% in Q1, EBITDA improves 6.6%

Published 30 Apr 2013 12:05 CET | Brazil
Brazilian operator Oi posted a 3.5 year-over-year increase in net revenue in the first quarter to BRL 7.04 billion, mainly driven ...

Portugal Telecom CEO sees great potential in Brazil

Published 26 Apr 2013 10:59 CET | Brazil
Portugal Telecom has great potential for growth in Brazil as investments in the country's communication network will let it reach ...

Portugal Telecom to pay dividend of EUR 0.325 on 17 May

Published 23 Apr 2013 11:16 CET | Portugal
Portugal Telecom will pay a dividend of EUR 0.325 per share on 17 May, following a motion passed by shareholders at the annual ...

Oi forecasts continued growth in 2013

Published 20 Feb 2013 12:51 CET | Brazil
Brazilian operator Oi reported a small improvement in 2012 results and said it expects to continue the growth in 2013. Net ...

Portugal Telecom rejects talk of Oi takeover

Published 28 Jan 2013 09:20 CET | Brazil
Portugal Telecom issued a statement saying it has no plans to take control of or make an offer for the rest of Brazilian operator ...

share KPN from total customer base for business broadband
Netherlands  |  2016 Q2

Calendar   /   Industry Events

24 Oct OpenStack Summit
25 Oct IoT Solutions World Congress
27 Oct Twitter Q3 2016
27 Oct Mellanox Q3 2016
27 Oct Televisa Q3 2016
27 Oct Ingram Micro Q3 2016
27 Oct Telenet Q3 2016
27 Oct NextGenTel Q3 2016
27 Oct BT fiscal Q2
27 Oct STMicroelectronics Q3 2016
27 Oct Neustar Q3 2016
27 Oct ShoreTel fiscal Q1
27 Oct Avnet Q3 2016
27 Oct Lumentum fiscal Q1
27 Oct AppliedMicro fiscal Q2
27 Oct Telefonica Q3 2016
27 Oct Alphabet Q3 2016
27 Oct Telekom Austria Q3 2016
27 Oct America Movil Q3 2016
27 Oct Sequans Q3 2016
27 Oct American Tower Q3 2016
27 Oct Nokia Q3 2016
27 Oct KPN Q3 2016
27 Oct Digital Realty Q3 2016
27 Oct VeriSign Q3 2016
27 Oct MobileIron Q3 2016
27 Oct Interdigital Q3 2016
27 Oct Adva Q3 2016
27 Oct Pctel Q3 2016
27 Oct Etisalat Q3 2016
27 Oct Samsung Q3 2016
27 Oct Samsung EGM
27 Oct Tele2 EGM
27 Oct FCC meeting
28 Oct China Telecom Q3 KPIs
28 Oct Tecnotree Q3 2016
28 Oct Net Insight Q3 2016
28 Oct Proximus Q3 2016
28 Oct NTT Docomo fiscal Q2
28 Oct MediaTek Q3 2016
::: More Calendar Items