Entel profits slump 41% in Q1 on Peru integration costs

Wednesday 10 May 2017 | 10:08 CET | News
Chilean operator Entel reported first-quarter revenues up 3 percent year-on-year to CLP 473.6 billion, boosted by a 29 percent rise in sales at its Peruvian unit. Around 55 percent of the company's revenues came from its Chilean mobile unit and 21 percent from the Peruvian equivalent. However, costs associated with the consolidation of its Peruvian business and a highly competitive domestic market dragged down the company's net profit to CLP 14.1 billion in the first quarter, some 41 percent less than the year-earlier result. Mobile customers were up 7 percent year on year, with a 39 percent

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Categories: General
Companies: Entel / Entel Peru
Countries: Chile / Peru
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