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VIV - Telefonica Brasil SA News Story

$7.98 0.2  2.7%

Last Trade - 05/03/21

Sector
Telecoms
Size
Large Cap
Market Cap £13.02bn
Enterprise Value £13.97bn
Revenue £5.48bn
Position in Universe 617th / 6651

Telefonica Brasil's Q2 profit drops 21.6% but still exceeds expectations

Wed 29th July, 2020 10:59am
SAO PAULO, July 29 (Reuters) - Telefonica Brasil SA
 VIVT4.SA  on Wednesday reported a 21.6% drop in second-quarter
net income, but still hit market expectations as lower financial
expenses slightly compensated smaller revenues amid the
coronavirus pandemic.
    In a securities filing, Brazil's largest wireless carrier
said its net profit hit 1.113 billion reais in the quarter to
June 30, above a consensus estimate of 1.008 billion reais
compiled by Refinitiv.

 (Reporting by Gabriela Mello, editing by Louise Heavens)
 ((Gabriela.Mello@thomsonreuters.com; +55 11 5644 7553; Reuters
Messaging: gabriela.mello.reuters.com@reuters.net))
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