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General

Claro Colombia revenues up another 10% in Q1

Wednesday 29 April 2020 | 10:48 CET | News
Claro Colombia, a subsidiary of America Movil, reported first quarter revenues up 10.2 percent year on year to COP 3.23 trillion on the back of solid subscriber figures in January and February above all. Customer additions slowed in March due to the impact of reduced mobility after coronavirus lockdown measures were implemented but the company's service revenues were still up 9.6 percent year on yearto COP 2.59 trillion in Q1. Adjusted EBITDA climbed to COP 1.39 trillion, up 8.2 percent year on year, with the EBITDA margin coming in at 43.0 percent compared to 43.8 percent in Q1 2019.

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Categories: General
Companies: America Movil / Claro
Countries: Colombia
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