Telefonica Brasil Q2 profits up strongly as revenues grow 1.1%

Wednesday 25 July 2018 | 17:00 CET | News
Telefonica Brasil's net profit jumped 261 percent on a pro forma basis to BRL 3.15 billion in the second quarter from a year earlier, as a result of improved operating income and a one-time gain from a court ruling on tax deductions. Excluding the non-recurring effects, net profit increased 28.7 percent year-on-year, also benefiting from an improvement in financial income. Recurring EBITDA rose 5.8 percent to BRL 3.73 billion, giving a margin of 34.5 percent, and net operating revenue grew 1.1 percent to BRL 10.8 billion, led by 4.2 percent growth in the mobile segment to BRL 6.8 billion. 

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