Telefonica Brasil posts 42% net profit increase in fourth quarter

America Movil SAB de CV

20/02/2024 21:19

SAO PAULO, Feb 20 (Reuters) - Brazilian
telecommunications operator Telefonica Brasil  VIVT3.SA  posted
on Tuesday a 42.1% increase in its fourth quarter net profit
from a year earlier. 
    The firm, which is controlled by Spanish Telefonica
 TEF.MC , posted 1.60 billion reais ($324.7 million) net profit
for the quarter ended in December, while analysts polled by LSEG
expected a 1.41 billion reais net profit for the period.

($1 = 4.9275 reais)

 (Reporting by Andre Romani; Editing by Steven Grattan)
 ((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))