|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Chile

Entel First-Quarter Profit Jumps 59.3%

SANTIAGO DE CHILE - Chilean telecommunications company Entel delivered strong results for the first quarter of 2016, with profit soaring 59.3 percent compared to the same period of 2015, totaling 23.968 billion peso ($36.2 billion), the company reported Monday.

The company's president Juan Hurtado said in a document sent to the Chilean Superintendencia de Valores y Seguros (SVS) that "the growth in group revenues which come mainly from mobile services in Peru, representing a 59 percent increase," explained the profit margin obtained by the company.

The earnings before interest, taxes, depreciation and amortization (EBITDA) meanwhile stood at 109.033 billion peso ($164.9 billion), a 7 percent increase, which according Entel is due to "the best margins in all business segments in Chile, which grow by 3 percent, together with lower losses of the subsidiary Entel Peru."

The company's report highlights a progressive increase in fixed networks revenue associated with segment of companies, especially for the provision of integrated voice, data, internet and information technology (IT) solutions.

In Oct. 2014, the Chilean firm, controlled by the Hurtado family, began operations in Peru with Entel Peru brand, following the entry into the US market in 2013 with the acquisition of NII Holdings.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved