Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Telecom Argentina Q1 Profit Rises

Argentina's telecommunications company Telecom Argentina S A (TEO: Quote) 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.

Click here to receive FREE breaking news email alerts for Telecom Argentina SA and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The Bank of Spain on Wednesday boosted its growth projections for Spain this year and the next after the economy grew at a faster rate in the second quarter. In its monthly economic bulletin, the bank raised the growth forecast for this year to 1.3 percent from the 1.2 percent seen previously. The projection for the next year was lifted to 2 percent from 1.7 percent. Bank of England policymakers unanimously decided to maintain the key interest rate and quantitative easing at the meeting held on July 9 and 10, but signaled the possibility of a rate hike late this year as growth became more established. Apple Inc. said Tuesday after the markets closed that its third quarter profit rose 12% from last year, as sales surged and margins improved amid strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell short of analysts' forecast.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.