Telefonica Czech Republic Q1 Net Profit Drops 6.9%

Telefonica Czech Republic AS TFATF reported a decline in its first-quarter net profit. Its quarterly net profit dropped 6.9% to 1.62 billion koruna ($83.2 million), from CZK1.74 billion in the year-ago period. However, analysts were expecting a net profit of CZK1.61 billion. Its revenue fell 3.3% y/y to CZK12.47 billion, versus analysts' expectations of CZK12.53 billion. Operating income before depreciation and amortization fell to CZK4.78 billion, from CZK5.07 billion.