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Telefonica Q1 Oibda up 4.8 pct as Brazil currency recovers
May 11, 2017 / 5:43 AM / 6 months ago

Telefonica Q1 Oibda up 4.8 pct as Brazil currency recovers

MADRID, May 11 (Reuters) - Spanish telecoms group Telefonica on Thursday posted a 4.8 percent rise in first-quarter core profit thanks to a recovering Brazilian real which more than offset a weaker performance in Spain and Germany.

Operating income before depreciation and amortisation (Oibda) came in at 4.02 billion euros ($4.37 billion) while net profit was 779 million euros. ($1 = 0.9202 euros) (Reporting by Julien Toyer and Andres Gonzalez; Editing by Paul Day)

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