Entel reports 3% profit fall

7 Aug 2007

Chilean telco Entel has reported a 3% decline in net profit to CLP33.45 billion (USD64.3 million) in the second quarter of 2007 compared to the same period of 2006, as a result of the absence of extraordinary non-operating profits of CLP9.9 billion accrued in June 2006 from the sale of Americatel USA and Central America. If the Americatel revenues had not been included in the 1H06 results, Entel’s sales would have increased by 36% in the second quarter of 2007. Second quarter revenues rose 1% to CLP210.9 billion, while EBIT climbed 6% to CLP44.86 billion. Mobile revenues, via its wireless arm Entel PCS, increased 17% to CLP158.87 billion in 2Q07 compared to CLP135.64 billion in the same period last year. The company’s subscriber base rose 15% to 5.29 million giving it a market share of 41%.

Chile, Entel Chile