Arab Today, arab today telefonica stresses 9 month profits fall 9
Last Updated : GMT 06:32:21
Arab Today, arab today
Arab Today, arab today

Telefonica stresses 9 month profits fall 9%

Arab Today, arab today

Arab Today, arab today Telefonica stresses 9 month profits fall 9%

Spanish Telecoms giant
Madrid - AFP

The sale of subsidiaries in Ireland and the Czech Republic sapped Spanish telecommunications giant Telefonica's profits in the first nine months of 2014, the company said on Wednesday.
The group's net profits fell by 9.4 percent between January and September compared to the same period a year earlier, to 2.85 billion euros ($3.6 billion), it said in a statement.
The company's preferred measure, operating income before depreciation and amortisation, fell 12.6 percent to 12.33 billion euros. Sales fell by 11 percent to 38 billion euros.
The sell-off of subsidiaries Telefonica Czech Republic and Telefonica Ireland weighed on profits for the period, the company said. Those businesses disappeared from its accounts in July.
Also, "the year-on-year evolution of exchange rates negatively impacted financial results," it added, citing currency depreciation in Argentina, Venezuela and Brazil.
Telefonica's chairman Cesar Alierta said he saw scope for growth thanks to the recent acquisition of E-Plus in Germany and its move to buy broadband firm GVT in Brazil.

 

arabstoday
arabstoday

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 stresses 9 month profits fall 9 Arab Today, arab today telefonica stresses 9 month profits fall 9

 



Arab Today, arab today

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 stresses 9 month profits fall 9 Arab Today, arab today telefonica stresses 9 month profits fall 9

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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