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General

Telefonica Brasil holds revenue steady in Q2, EBITDA up 3%

Wednesday 27 July 2016 | 13:14 CET | News
Telefonica Brasil saw 0.8 percent growth in revenue during the second quarter of 2016 to BRL 10.5 billion. Net profit dropped by 23.2 percent year-on-year to BRL 699.5 million, mainly due to restructuring costs. The company's EBITDA was BRL 3.2 billion, an increase of 3.7 percent from a year ago. Net debt dropped by BRL 4.2 billion in one year to BRL 2.9 billion, as a result of tower sales and cash generation. Operating costs fell 0.4 percent to BRL 7.3 billion, while investments amounted to BRL 1.77 billion, down from BRL 2.06 billion a year ago.

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Categories: General
Companies: GVT / Telefonica / Telefonica Brasil
Countries: Brazil
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