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General

Hondutel profits up 922% to HNL 68.5 mln in Q1

Friday 15 April 2016 | 09:53 CET | News
Honduran state-owned operator Hondutel posted net profits of HNL 68.5 million in the first quarter of the year, up 922 percent year on year, reports local daily La Prensa, citing the company's CEO Jesus Mejia. Hondutel had barely 1 percent of the local mobile market in March 2015, compared to Tigo's 60 percent and Claro's 39 percent, but the company has since put in place a restructuring plan to save HNL 454 million in annual costs. Mejia reiterated Hondutel's intention to increase its net profit to HNL 100 million by the end of 2016, a target it would reach by the middle of the year if it

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Categories: General
Companies: Claro / Hondutel / Tigo
Countries: Honduras
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-/- 2.8%
mobile service revenues down by 2.8% y-o-y
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