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General

Entel sales up 4.5% in Q2, profits slide on Peru investment

Wednesday 9 August 2017 | 09:52 CET | News
Chilean operator Entel reported second-quarter revenues up 4.5 percent year-on-year to CLP 478.7 billion thanks above all to a 30.5 percent rise in mobile sales at its Peruvian unit, which now accounts for 22.5 percent of the company's revenues. Entel added that costs associated with the consolidation of its Peruvian business, increased financing costs and an increasingly competitive domestic market resulted in the company swinging to a net loss of CLP 2.6 billion in the second quarter compared to its year-earlier profit of CLP 8.8 billion.

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Categories: General
Companies: Entel
Countries: Chile / Peru
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