Telefonica Brasil profits lower, mobile revenues grow in Q4

Wednesday 26 February 2014 | 16:21 CET | News
Telefonica Brasil reported a net profit of BRL 1.231 billion for the fourth quarter 2013, down 16.5 percent from a year earlier. Net revenue rose 1.7 percent to BRL 9.057 billion. This was led by a 5.7 percent rise in revenues at mobile operator Vivo, to BRL 5.763 billion, thanks to over 35 percent growth in mobile internet sales. Fixed-line revenues were down 3.7 percent to BRL 2.970 billion. EBITDA fell 25.5 percent to BRL 2.871 billion, giving a margin of 31.7 percent. EBITDA was hurt by a sharp rise in operating costs, for promotional activities in both fixed and mobile, as well as

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