Telefonica Brasil posts 35 percent rise in net profit
SAO PAULO Nov 11 (Reuters) - Brazilian phone company Telefonica Brasil lifted third-quarter net profit by 35 percent from a year earlier to 1.022 billion reais ($400 million), according to a securities filing.
Net profit at the Brazilian business of Spain's Telefonica beat an average estimate of 932 million reais in a Reuters survey of analysts.
Earnings before interest, tax, depreciation and amortisation, rose 7 percent to 2.548 billion reais, in line with forecasts. ($1 = 2.55 Brazilian reais) (Reporting by Brad Haynes and Alberto Alerigi Jr.; Editing by David Goodman)
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