Metrored slips into the red

15 Feb 2007

Metrored Holdings, the Argentine unit of Mexico’s Telmex, has posted a net loss of MXN17.5 million (USD5.7 million) in 2006 compared with a net profit of MXN1 million one year previously. Revenue was up 16.1% to MXN349 million, while the EBITDA margin stood at 9.8%, down slightly from 10.2% in 2005. No explanation for the loss was given.

Argentina, Telmex Argentina (Claro)