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Tag: forex
Zain Group revenue falls 6% in Q1, forex impact hits results
2021-05-10 09:36:00| Telecompaper Headlines
(Telecompaper) Zain Group's consolidated revenue decreased by 6 percent year on year to KWD 382 million for the first quarter of 2021...
Tags: results
group
impact
hits
Ooredoo Group Q1 net profit falls 50% because of forex effects, revenue down 1%
2021-04-29 09:47:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group said net profit declined by 50 percent to QAR 193 million in the first three months to 31 March compared with QAR 387 million in the...
Telefonica Q2 sales plunge 11% in Latin America on heavy Covid-19 and forex impact
2020-07-30 09:52:00| Telecompaper Headlines
(Telecompaper) Telefonica said its operations in Latin America were heavily impacted by the Covid-19 pandemic and weak local currencies in the second quarter of 2020, with revenues plunging 10.8 percent on an organic basis and 28.0 percent on a reported basis to EUR 1.89 billion, compared to EUR 2.61 billion a year earlier. The newly-combined Telefonica Hispam unit comprises all of Telefonica's Latin American subsidiaries, with the exception of Brazil, and is being spun off as part of a wide-ranging restructuring plan announced last November.
Tags: sales
america
impact
heavy
Telefonica Q2 results hit by Covid-19, forex effects, revenues fall 15%
2020-07-30 09:14:00| Telecompaper Headlines
(Telecompaper) Telefonica reported a sharp fall in second-quarter results, hurt by the Covid-19 pandemic and negative forex effects. Revenues fell 14.8 percent to EUR 10.34 billion, OIBDA was down 25.3 percent to EUR 3.32 billion, and net profit plunged 50.7 percent to EUR 425 million. Telefonica said underlying cash flow improved slightly, thanks to efforts to control costs and accelerate the digital transformation, and the company still expects to meet its full-year cash flow and dividend targets.
Tags: results
hit
fall
effects
America Movil revenues edge higher in Q3, net profit falls on forex charges
2019-10-16 09:51:00| Telecompaper Headlines
(Telecompaper) America Movil reported a return to revenue growth in the third quarter, of 0.2 percent to MXN 248 billion. Underlying service revenue growth, excluding forex effects, accelerated to 2.5 percent compared to 2.3 percent in the previous quarter.