1H CTC results show blip in net profit

24 Jul 2006

Telefonica CTC Chile, the country’s dominant fixed line telecoms company, registered a fall in first half earnings, slightly below expectations. Net profit dipped to CLP7.04 billion (USD13.06 million), down from CLP22.16 billion in the same period last year. Sales dropped slightly to CLP284.85 billion from CLP294.99 billion, while operating profit fell to CLP37.81 billion from CLP51.68 billion.

Chile, Telefonica Moviles Chile (Movistar)