Telint surpasses expectations with 126% net profit increase

28 Jul 2009

Mexican telecoms group Telmex Internacional (Telint), which split from the country’s fixed line incumbent Telmex in December 2007, has reported a year-on-year increase of 126% in consolidated net profit. In its financial results for the three-month period ended 30 June 2009 Telint posted a net profit of MXN2.7 billion (USD202 million), up from MXN1.2 billion a year earlier, with the company attributing the jump to increased revenue from local telephone services, alongside a net exchange gain equal to MXN1.9 billion mainly due to the appreciation of the Brazilian reais during the second quarter of 2009. Revenue also increased in Telint’s second fiscal quarter, up 17.4% y-o-y at MXN21.8 billion, with revenue from pay TV, internet access and local services leading the way with 56.9%, 42.3% and 40.6% annual increases respectively. Earnings before interest, tax, depreciation and amortisation (EBITDA) were MXN5.1 billion, a 26.8% increase compared to the same quarter a year earlier.

Mexico, Telmex Internacional