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General

Telefonica Brasil net profit surges 160% in Q3

Wednesday 31 October 2018 | 08:44 CET | News
Telefonica Brasil posted a net profit of BRL 3.2 billion in the third quarter, up 160 percent from the year before, driven by improvements in operating performance. EBITDA grew 30 percent to BRL 4.8 million, boosted by the expansion of mobile and broadband revenue as well as cost-efficiency measures. The EBITDA margin reached 44.4 percent (+10.6%). Taking away non-recurring items, recurring EBITDA reached BRL 3.9 billion (+5.3%), with the recurring EBITDA margin at 35.9 percent (+2.1%). 

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Categories: General
Companies: Telefonica Brasil
Countries: Brazil
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