Telefonica Brasil Q2 sales up 3%, EBITDA drops 17%

Wednesday 24 July 2013 | 15:14 CET | News
Telefonica Brasil reported stronger customer growth in the second quarter, while sales and profit were held back by termination rate cuts and the sale of some of its towers. Revenues rose 3.0 percent from a year earlier to BRL 8.492 billion, with mobile service revenues up 5.2 percent to BRL 5.219 billion and fixed-line revenues down 5.2 percent to BRL 2.951 billion. EBITDA declined 16.7 percent to BRL 2.576 billion, and the margin dropped 7.2 percent points to 30.3 percent. Net profit fell 15.8 percent to BRL 914.8 million. Capex increased 9.5 percent from a year earlier to BRL 1.252

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