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Telefonica Czech Republic Q1 Net Profit Drops 6.9%

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Telefonica Czech Republic AS (OTC: 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.

 

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