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Telefonica Czech Republic Posts Upbeat Q4 Profit

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Telefonica Czech Republic AS, a unit of Telefonica SA (NYSE: TEF), reported a 39% fall in its Q4 net profit.

Telefonica Czech Republic's quarterly net profit fell to 1.76 billion koruna ($89.8 million), versus CZK2.87 billion, in the year-ago period. However, analysts were expecting a profit of CZK1.74 billion.

Its revenue declined 4.5% to CZK12.82 billion, beating analysts' estimates of CZK12.63 billion.

Its operating income before depreciation and amortization was CZK20.92 billion.

 

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