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General

Claro Argentina revenues down 8% to ARS 22 bln in Q3

Wednesday 16 October 2019 | 12:01 CET | News
America Movil reported third-quarter revenues down 7.9 percent year on year to ARS 22.3 billion in Argentina on a constant peso basis adjusted for inflation. The company said overall mobile service revenues at its Claro unit declined 6.7 percent due to a 15.2 percent slump in prepaid revenues attributed to the contraction of disposable income. EBITDA (under IFRS16) was ARS 9.2 billion, down from ARS 9.4 billion a year earlier and the EBITDA margin came in at 41.3 percent of revenues, declining 10.0 percent in real terms under comparable accounting standards.

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Categories: General
Companies: America Movil / Claro Argentina / Claro Paraguay / Claro Uruguay
Countries: Argentina / Paraguay / Uruguay
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