Brazil's Telefonica posts 7% net profit increase in first quarter

Telefonica Brasil, SA

07/05/2024 22:13

SAO PAULO, May 7 (Reuters) - Brazilian
telecommunications operator Telefonica Brasil  VIVT3.SA  posted
on Tuesday a 7.3% increase in its first quarter net profit from
a year earlier.
    The firm, which is controlled by Spain's Telefonica
 TEF.MC , posted a 896 million reais ($176.5 million) net profit
for the quarter ended in March, while analysts polled by LSEG
expected a 1.03 billion real net profit.

($1 = 5.0759 reais)

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