Telefonica Brasil posts 11 percent drop in quarterly profit
SAO PAULO Feb 24 (Reuters) - Telefonica Brasil SA posted a fourth-quarter net profit of 1.115 billion reais ($282 million), down 11 percent from a year earlier, according to a filing on Wednesday.
The Brazilian unit of Spain's Telefonica SA reported earnings before interest, taxes, depreciation and amortization rose 6 percent to 3.432 billion reais.
($1 = 3.96 Brazilian reais) (Reporting by Brad Haynes; Editing by James Dalgleish)
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