Claro Ecuador sales down on promotions, taxes

Sunday 31 July 2016 | 12:21 CET | News
Second-quarter 2016 revenues at America Movil's operations in Ecuador (Claro and Telmex) reached USD 364 million, 10.1 percent less than in the second quarter of 2015, due to commercial promotions and a new tax on telecom services since May, plus a hike in VAT. EBITDA was down 12.4 percent to USD 152 million, and the EBITDA margin slid 1 percent point to 41.6 percent. The operator said it made some one-off payments in Q2, including for tax, without which it would have posted an increase in the EBITDA margin.

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Categories: General
Companies: America Movil / Claro / Telmex
Countries: Ecuador
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