CTC improves bottom line despite flat revenues

26 Jul 2004

In the first half of 2004 Telefonica CTC Chile reported a modest 0.9% increase in turnover to CLP405 billion but managed to improve net profit by 18.8% to CLP9.83 billion. Local telephony accounted for 43% of sales, followed by wireless communications at 32%. The number of cellular subscribers increased 41% in the first half, to total 2.74 million at the end of June.