Telefonica Brasil posts 11 percent drop in quarterly profit

miércoles 24 de febrero de 2016 18:29 GYT
 

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)