Telefonica: accelerated growth in second quarter.
(CercleFinance.com) - Telefonica said organic growth accelerated in the second quarter of the year, prompting the shares to jump almost three per cent this morning in Madrid.
The Spanish telecoms group said the second quarter of 2017 showed a general acceleration in growth in main financials and operational terms.
Revenues reached 12.96 billion euros in the quarter, up 1.9% year-on-year and up 3.1% in organic terms.
Net profit for the quarter was 821 million euros, up 18.4% from the same period one year ago, with net profit per share standing at 0.15 euro (+16.3%).
As a result, Telefonica upgraded its revenue guidance for 2017, now aiming at growth above 1.5% compared to previous guidance of stable revenue.
After these numbers, Telefonica shares were the top gainer on Madrid's IBEX index, adding 2.8 per cent at 9.7 euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The Spanish telecoms group said the second quarter of 2017 showed a general acceleration in growth in main financials and operational terms.
Revenues reached 12.96 billion euros in the quarter, up 1.9% year-on-year and up 3.1% in organic terms.
Net profit for the quarter was 821 million euros, up 18.4% from the same period one year ago, with net profit per share standing at 0.15 euro (+16.3%).
As a result, Telefonica upgraded its revenue guidance for 2017, now aiming at growth above 1.5% compared to previous guidance of stable revenue.
After these numbers, Telefonica shares were the top gainer on Madrid's IBEX index, adding 2.8 per cent at 9.7 euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.