Telmex posts second consecutive net profit

27 Jul 2006

Mexican-based fixed line group Teléfonos de México (Telmex) posted a 2.9% increase in second quarter net profit, up to MXN7 billion (USD619 million), thanks to better cost controls and increased domestic long-distance and internet access revenues. In March Telmex had posted its first quarterly profit since early 2005. Revenues in the three months ended 30 June 2006 rose 4% to MXN42.4 billion, whilst EBITDA was up 2.8% to MXN18.3 billion. DLD revenues rose 4% whilst internet turnover increased 16.2% to become its fastest growing business unit. Telmex’s full second quarter report will be available later today.

Mexico, Telefonos de Mexico (Telmex)