Costa Rica's RACSA turns to profit for first time in 6 years

Monday 18 January 2016 | 11:03 CET | News
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Costa Rican ISP RACSA, a subsidiary of state-owned operator ICE, has dramatically improved its financial situation in 2015. It has swung from an operating loss of 13.19 percent of its revenue in 2014, to an operating profit of 4.5 percent of income in the past year. According to general manager Francisco Calvo, this is the first time in six years that a positive position has been achieved, thanks to the development of new business opportunities, innovation, customer retention and the implementation of synergies at ICE group level.

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Categories: Internet
Companies: Instituto Costarricense de Electricidad / Racsa
Countries: Costa Rica
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