Telefonica (TEF: Quote,TDE.L) reported fourth-quarter net income of 2.67 billion euros versus 1.33 billion euros last year. Basic earnings per share were 0.59 euros, up from 0.30 euros in the same quarter last year.
Revenues were down to 16.17 billion euros from 16.46 billion euros in the prior-year quarter.
Telefónica also announced its guidance for 2012 and reiterated the shareholder remuneration policy announced in December. The company announced shareholder remuneration of 1.50 euros per share, including the payment of a cash dividend of 1.30 euros per share and a share buyback for the remaining amount.
Moving ahead, in 2012, the company expects revenue growth of more than 1% at current exchange rates.
by RTT Staff Writer
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