Claro Brasil revenue growth slows in Q2

Friday 17 July 2015 | 13:10 CET | News
America Movil's Brazil unit Claro announced a net profit of BRL 3.3 million in the second quarter of 2015, a 98.9 percent drop on BRL 308 million in the same period last year. The group, formed by the companies Embratel, Net Servicos and Claro, reported EBITDA of BRL 2.54 billion, up from BRL 886 million a year earlier, and EBIT rose to BRL 692 million from BRL 184.1 million thanks to the consolidation of the three companies. On a pro forma basis for the merger at the beginning of this year, net revenue grew 2.8 percent to BRL 8.42 billion, and EBITDA was up 12.1 percent. America Movil said

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Categories: General
Companies: America Movil / Claro / Embratel / Net Servicos
Countries: Brazil
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