Arab Today, arab today telefonica annual net profits slide 85
Last Updated : GMT 14:31:54
Arab Today, arab today
Arab Today, arab today

Telefonica annual net profits slide 8.5%

Arab Today, arab today

Arab Today, arab today Telefonica annual net profits slide 8.5%

Revenue for Telefonica, one of the world's top five telecoms groups
Madrid - Arab Today

Spanish telecoms giant Telefonica on Friday reported annual net profits down 8.5 percent to 2.75 billion euros, partly down to costs associated with voluntary redundancies in Spain.

Analysts contacted by information data company Factset had estimated higher losses of 3.32 billion euros.

Revenue for one of the world's top five telecoms groups rose by a better than forecast 8.7 percent to 47.22 billion euros while year-on-year sales rose 4.0 percent on an organic, or self-generated,  basis.

Operating income before depreciation and amortization, a measure of profitability, plunged 17.2 percent to 11.41 billion from 13.8 billion last year.

Shares were trading lower mid-morning in Madrid, down 0.6 percent at 9.37 euros.

Telefonica said it had set aside 2.60 billion euros in the fourth quarter for its layoffs plan which could cover several thousand employees in Spain aged 53 and over.

In a statement, the group, which revealed it was targeting at least a 4.0 percent revenue rise in 2016, said the proposed voluntary departures would "improve efficiency in the coming years."

The group is primarily present in Spain, Germany and Brazil and is concentrating on high value services such as fibre optics, Pay TV and 4G.

Net debt stood at 49.92 billion euros at the end of 2015 but expects to trim that debt pile with the proposed $14 billion sale of its British mobile phone operator O2 to Hong Kong conglomerate Hutchison Whampoa.

That deal is still dependent on Brussels giving the green light to the transaction which is still the subject of a competition enquiry.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today telefonica annual net profits slide 85 Arab Today, arab today telefonica annual net profits slide 85

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday