Telefónica posts US$19.8mn in net profit in Q2

Peru's incumbent fixed line carrier del Perú (TdP) posted net profits of 63mn soles (US$19.8mn) in the second quarter of 2007, a 23.5% increase on the 51mn soles seen in 2Q06, attributed mainly to improved operating profit, the company said in a statement. Operating profit was 179mn soles, up 11.9% from 160mn soles in 2Q06.

TdP, a unit of Spain's (NYSE: TEF), saw operating revenues of 1.11bn soles, flat compared to the same quarter a year ago.

Revenues from local fixed telephony services totaled 391mn soles in the quarter, down 3.6% from 2Q06, while public and rural telephony services generated revenues of 167mn soles, down 25.4% year-on-year.

However, the internet segment saw Q2 revenues of 164mn soles, up 24.1% from the year-ago period. Pay TV services brought in 108mn soles, 25.1% more than 2Q06.

In the local fixed telephony segment, TdP ended the quarter with 2.4mn subscribers compared to 2.29mn at end-2Q06. Internet connections totaled 527,339 at end-Q2, up from 389,118 at the same time last year.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: July 25, 2007 (21:07)

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