Telecom Argentina Reports Strong Exchange Gains Amid Revenue Challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 09 2024
0mins
Source: Business Insider
Financial Performance: Telecom Argentina reported a 10.4% decrease in consolidated revenues for Q3 2024 compared to the previous year, but net income rose significantly to P$951,912 million due to exchange rate gains, despite challenges from high inflation.
Strategic Investments: The company is focusing on expanding its services and improving network capacity, having reduced its net financial debt by 37.6% and invested P$538,119 million in capital expenditures, while maintaining a stable operating income margin.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
