European telecom major Telefónica S.A. (TEF,TDE.L) reported full-year 2012 consolidated net income of 3.93 billion euros, with basic earnings per share amounting to 0.87 euros. The net profit behaviour in 2012 compared with 2011 is affected by several extraordinary impacts, which last year reduced this item by 2.54 billion euros, according to the company. These included the adjustment of the value of the stakes in Telecom Italia and Telefónica Ireland, and the effect of the devaluation of the Venezuelan Bolivar.
Excluding these effects, the consolidated net profit stood at 6.47 billion
euros, while basic earnings per share totaled 1.44 euros.
Revenues in 2012 were 62.36 billion euros, a 0.8% year-on-year decrease, driven by the solid growth of mobile data revenues and the evolution of this item in Latin America. Revenues went up 0.7% year-on-year in 2012, excluding the negative effect of regulation.
The company announced its 2013 guidance and confirmed the shareholder remuneration policy for 2013, of paying a cash dividend of 0.75 euros per share.
by RTT Staff Writer
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