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General

Telefonica Brasil improves net profit in Q3; sales, EBITDA still lower

Wednesday 28 October 2020 | 15:29 CET | News
Telefonica Brasil, owner of Vivo, closed the third quarter of 2020 with a net profit of BRL 1.21 billion, up 25.5 percent from the same period of 2019, helped by a fall in interest and tax expenses, as well as cuts in operating costs. Quarterly EBITDA was down 4.8 percent to BRL 4.32 billion, and the EBITDA margin dropped 1.1 percent to 40 percent, as net operating revenue declined 2.3 percent to BRL 10.7 billion.

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