Telefonica Brasil 3Q Net Profit Up 6.6% At BRL1.33 Billion
November 10 2011 - 5:44AM
Dow Jones News
Telefonica Brasil SA.(VIVT3.BR, VIV) Thursday reported its net
profit rose 6.6% to 1.33 billion Brazilian reais ($754 million) in
the third quarter from a year earlier due mainly to higher
revenue.
The Brazilian telecom company's revenue rose to BRL8.26 billion
in the third-quarter from BRL7.9 billion in the year-earlier
period.
The third-quarter results included that of fixed telephone
company and mobile phone operator Vivo SA. Earlier this year,
Spain's Telefonica SA (TEF), which controls the companies, unified
its fixed-line and mobile operations by integrating them into a
single company, Telesp.
The company's earnings before interest, taxes, depreciation and
amortization, or Ebitda, were down 0.8% to BRL2.82 billion. The
company posted an Ebitda margin--considered a key indicator of
profitability--of 34.2% in the third quarter, down from 37.2%.
-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071;
rogerio.jelmayer@dowjones.com
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