logo
Share SHARE
FONT-SIZE Plus   Neg

Telecom Argentina Q1 Profit Rises

Argentina's telecommunications company Telecom Argentina S A (TEO) announced a net Income of P$708 million for the first-quarter ended March 31, 2012, up 11% from the same period last year, due to a higher Operating Profit and positive financial results. Net income attributable to Telecom Argentina amounted to P$698 million, up 10% from last year.

Consolidated Revenues for the quarter increased by 24% to P$5.126 billion from the prior year quarter, mainly fueled by the Mobile Services and Broadband businesses.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Best Buy Co., Inc. (BBY) reported first-quarter non-GAAP earnings per share from continuing operations of $0.44, an increase of 19% from $0.37, a year ago. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts' estimates typically... Automotive parts retailer AutoZone, Inc. on Tuesday reported a 6 percent increase in profit for the third quarter from last year, reflecting growth in sales and higher inventory on new store openings. However, both revenue and earnings per share for the quarter missed analysts' expectations. Toll Brothers, Inc. (TOL), the nation's leading builder of luxury homes, reported second-quarter net income of $89.1 million, or $0.51 per share, compared to $67.9 million, or $0.37 per share, prior year. Pre-tax income increased to $140.4 million from $86.5 million. On average, 18 analysts polled by...
comments powered by Disqus
Follow RTT