PRAGUE--Telefonica Czech Republic AS (BAATELEC.PR, TFATF),
majority-owned by Spain's Telefonica SA (TEF, TEF.MC), Wednesday
reported smaller-than-expected declines in its second-quarter net
profit and revenue, and confirmed its full-year guidance.
MAIN FACTS:
--Second-quarter net profit came in at 1.63 billion koruna ($77
million), beating market expectations of CZK1.59 billion and down
13% from CZK1.87 billion in the year-earlier quarter.
--The company reported a 2.4% annual drop in second-quarter
revenue to CZK12.72 billion, above market expectations of CZK12.65
billion. In the year-earlier quarter, revenue totaled CZK13.05
billion.
--Operating income before depreciation and amortization dropped
5.8% on the year to CZK5.15 billion in the second quarter, above
market expectations of CZK4.91 billion.
--Telefonica Czech confirmed its outlook for 2012, including
improving trends in business revenue compared with 2011 and a
limited erosion of its operating margin. Revenue in 2011 dropped
5.7% from 2010, and operating margin stood at 43.7% last year.
--The company will hold a presentation on its results at 1000
GMT Wednesday.
Write to Leos Rousek at leos.rousek@dowjones.com
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