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General

Telefonica Brasil's Q3 profits up 35.5%

Tuesday 11 November 2014 | 15:30 CET | News
Telefonica Brasil reported a net profit of BRL 1.02 billion for the third quarter of 2014, up 34.5 percent from a year earlier. Net revenue rose 1.2 percent to BRL 8.723 billion. While net operating revenue for fixed telephony fell 3.2 percent to BRL 2.79 billion, mobile telephony rose 3.5 percent to BRL 5.63 billion. Mobile operations were negatively impacted by the cut in the interconnection rate. The operator's EBITDA totalled BRL 2.5 billion in the third quarter, up 7 percent compared to the year-ago period thanks to cost reductions. The third-quarter EBITDA margin was 29.2 percent, up

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