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BREAKING NEWS

Telefonica confirms full year targets as second-quarter core profit rises 1.6%

Telefonica confirms full year targets as second-quarter core profit rises 1.6%
FILE PHOTO: The logo of Telefonica is seen on company's headquarters in Bogota, Colombia May 28, 2019. REUTERS/Luisa Gonzalez -
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LUISA GONZALEZ(Reuters)
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MADRID (Reuters) – Spanish telecoms group Telefonica posted a 1.6% rise in second-quarter core profit on Thursday and reiterated its targets for the full year, saying its average income per client was increasing.

Operating income before depreciation and amortisation (OIBDA) reached 4.44 billion euros ( £3.96 billion ), versus 4.24 billion euros in the same period a year earlier.

An average of analyst forecasts collated by the company had pointed to OIBDA of 4.35 billion euros.

(Reporting by Isla Binnie; Editing by Jose Elias Rodriguez)

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