Telefonica net profit falls 82% in Q4 on impairment charges

Thursday 28 February 2013 | 08:25 CET | News
Telefonica reported net profit of EUR 473 million for the fourth quarter of 2012, down 82.3 percent from the year-earlier period. The result included an impairment charge of EUR 949 million on its stake in the Telco shareholding in Telecom Italia, a Telefonica Ireland impairment of EUR 513 million and the effect of the Venezuelan Bolivar devaluation, at EUR 417 million. OIBDA fell 8.6 percent to EUR 5.45 billion, and the margin was down 2.5 percent points to 34.4 percent. Revenues were down 2.0 percent to EUR 15.84 billion. Debt reduction accelerated in the last quarter, with net down by EUR

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Categories: General
Companies: Telecom Italia / Telefonica- Movistar
Countries: Europe / Latin America / Spain
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