Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain's Telefonica core profits down 17.2% on one-off charges

Source: Reuters - Fri 26th Feb 2016
Spain's Telefonica core profits down 17.2% on one-off charges

Spanish telecoms group Telefonica on Friday posted a 17.2% fall in full-year core profits to EU11.41 billion, hit by one-off charges totalling 3.5 billion euros, and missing analysts’ forecast.

The firm said, excluding the charges, core profits (Oibda) would have increased 3.6%. Revenues rose 8.7% in 2015, helped by the German and Latin American units as well as a better domestic market.

Debt was stable at EU49.9 billion at end-December compared to EU49.7 billion at end-September.

Telefonica also said it hoped to grow its revenues by more than 4.0% year-on-year in 2016, stabilise its Oibda margin and pay its dividend fully in cash once the sale of its British unit O2 is complete.

Recommended Reading :

* Movistar offers slowest connection to Netflix users

* Telefonica selects Juniper for Spanish core network upgrade

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

 
Use the hair extensions pretty curling styling spray to evenly spray on the hair wigs part that wants to highlight the hair extensions uk curl, then use the curling iron to start at the horizontal line behind the ear, and the human hair extensions uk single layer is rolled, and the handsome yet playful hairstyle is born.