Chilean telecoms group Entel has booked net profit of CLP34.158 billion (USD52.46 million) for the year ended 31 December 2016, reversing losses of CLP1.102 billion a year earlier. Turnover for the twelve-month period rose 5.3% to CLP1.887 trillion, with expansion in the group’s Peruvian unit offsetting stagnation in its domestic market. Entel Peru reported a 49.2% increase in revenue for the year to USD531.534 million, compared to a decrease of 0.6% across the group’s other operations. Consolidated group EBITDA for the year was CLP424.781 billion, with an EBITDA margin of 23%, compared to CLP356.585 billion and 20%, respectively, in 2015.
Commenting on the results, Entel’s chief financial officer said in a statement: ‘In Chile, the competitive market and weak economic pace continued to present a challenging environment…In Peru [however], the mobile business continued growing and consolidating its market positioning, supported by an attractive mobile data offering across all segments, increased levels of customer satisfaction, brand awareness, world-class network development and sales channel expansion.’
In operational terms, Entel counted a total of 9.514 million mobile subscribers in Chile at end-2016, down from 9.771 million the previous year, though ARPU remained stable at CLP8,563. Its ‘Home’ offerings, meanwhile, had amassed a total of 455,000 revenue generating units (RGUs), compared to 372,000 twelve months earlier. In Peru, Entel’s mobile subscriber base rose from 3.129 million in December 2015 to 4.820 million, though ARPU fell by USD1 year-on-year to USD8.6.