2Q results show big drop in profits at Telefonica

25 Jul 2007

Telefonica Chile recorded a net income of CLP3.79 billion (USD7.33 million) in the second quarter ended 30 June 2007, down from CLP6.48 billion in the same period of 2006. Revenues increased 1.9% to CLP148.88 billion, while EBITDA fell by 12.5% to CLP63.54 billion. Broadband services generated 15.7% of the quarterly sales (CLP23.38 billion) up from just 10.9% in Q2 2006. The increase was primarily due to a 37.1% increase in ADSL connections to over 574,000.

Chile, Movistar Chile (Telefonica Chile)