Venezuela pushes Telefónic's earnings back ...

Venezuela pushes Telefónic’s earnings back …

February 25, 2015

Telefónica has presented this morning the results corresponding to the year 2014 with an income statement that has been weighed down for various reasons, including the impact of the exchange rate adjustment in Venezuela.

Telefónica’s net profit totals 3,001 million euros, 34.7% less than in the previous period. This is due to several extraordinary impacts such as the provision for restructuring expenses and the exchange rate adjustment in Venezuela.

via Telefónica earns less burdened by Venezuela.

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