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General

Telefonica slows fall in underlying revenues to 1% in Q1, net profit improves

Thursday 13 May 2021 | 08:51 CET | News
Telefonica more than doubled its net profit in the first quarter, to EUR 886 million from EUR 406 million a year ago, thanks to lower interest charges and depreciation. Underlying results also improved, with organic OIBDA up 0.3 percent and revenues down just 1.3 percent, less than the previous quarters. The company said the results put it on track to meet its full-year outlook for stabilising underlying revenues and OIBDA.

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Categories: General
Companies: Telefonica
Countries: Latin America / Spain
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