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General

Claro Mercosur revenues up 49% in Q2, led by fixed market growth

Wednesday 17 July 2019 | 15:19 CET | News
America Movil reported second-quarter revenues up 48.8 percent year-on-year in Argentina, Paraguay and Uruguay, driven in part by inflation in Argentina. The company said its three Claro units posted combined sales of ARS 22.58 billion, with service revenues surging 51.2 percent to ARS 18.66 billion. EBITDA in the three countries came to a combined ARS 9.11 billion, up 62.4 percent from a year earlier thanks in part to the new accounting rules, and the EBITDA margin was up 3.4 percentage points to 40.4 percent of revenues.

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