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General

Cantv doubles net profit in 2013

Thursday 13 March 2014 | 00:55 CET | News
Venezuelan state-owned operator Cantv reports its net profit jumped by nearly 102.3 percent year-on-year to over VEF 5 billion (approximately USD 801 million) in 2013. Operational revenues reached VEF 22.7 billion (approximately USD 3.6 billion), while expenses totaled VEF 18.1 billion, said Manuel Fernandez, Venezuela's minister of science and technology. Cantv has declared a dividend of VEF 2.54 per share for 2013, to be paid on 26 March this year. The company will make VEF 2 billion in dividend payments for 2013, up by 11.1 percent from VEF 1.8 billion for 2012.

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Categories: General
Companies: CANTV / Movilnet
Countries: Venezuela
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