Entel reports year-end results

27 Jan 2009

Empresa Nacional de Telecomunicaciones (Entel) of Chile has announced a buoyant set of results for the fourth quarter and twelve months ended 31 December 2008. In the last three months of the year the company recorded revenues of CLP296.3 billion (USD494.5 million), an increase of 14% on the same period of 2007. EBITDA for the quarter totalled CLP107.3 billion, up 7%, while net income rose 12% to CLP34.4 billion. Entel’s mobile subscriber base rose by 6% to six million at the end of December, with the number of post-paid users (including mobile broadband) increasing by 20% to account for 30% of the total. On an annual basis, Entel reported revenues of CLP1.067 trillion in 2008 compared to CLP982.97 billion in 2007. Operating profit climbed from CLP210.48 billion to CP217.09 billion over the same period, while net profit rose from CLP142.70 billion to CLP153.51 billion.

Chile, Entel Chile