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| Name | Symbol | Market | Type |
|---|---|---|---|
| Telefonica Brasil SA | NYSE:VIV | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.08 | 0.83% | 9.72 | 10.01 | 9.86 | 9.89 | 1,045,264 | 01:00:00 |
From May 2019 to May 2024
By Rogerio Jelmayer
SÃO PAULO--Telefónica Brasil SA posted a 12% decrease in its first-quarter net profit amid higher operating and debt service expenses.
The company, which is controlled by Spain's Telefonica SA, posted a net profit of 579.7 million Brazilian reais ($191.7 million), down from BRL660.8 million in the year-earlier period.
Telefonica's operating costs increased 6% in the period to BRL6.4 billion, and its debt service costs more than doubled to BRL217 million.
The company's net revenue rose 4.3% to BRL8.98 billion.
The company had 97.18 million customers at the end of the quarter, up from 93.85 million in the year-earlier period.
Telefónica Brasil is Brazil's largest mobile-phone company by market share, according to telecommunications regulator Anatel.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
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