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Saturday, May 11, 2024

Chile’s VTR Finance Posts CLP88b 1Q Net Loss vs CLP2.9b Profit

 

VTR Finance 1Q revenue fell to CLP105.9b ($108m) from CLP111.5b a year earlier, according to a statement on its website. In a separate statement the company said that its Ebitda margin fell to 12.4% compared to 17.5% a year earlier; the statement didn’t provide the Ebitda figure

VTR said that isolating the effect of a weaker peso on its financial positions (CLP32b), it reduced its losses by 8.5% compared to the previous quarter

NOTE: VTR is part of ClaroVTR, a 50:50 joint venture between America Movil and Liberty Latin America

https://news.bloomberglaw.com/bankruptcy-law/chiles-vtr-finance-posts-clp88b-1q-net-loss-vs-clp2-9b-profit

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