Telecom Argentina (TEO) has released an update.
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Telecom Argentina S.A. announced a significant net income of P$859,223 million for the first half of 2024, driven by gains from exchange rate differences. While service revenues saw a decline of 11.7% compared to the previous year, due to intense market competition and inflation rates, the company did experience a positive trend in operating income margins and reduced its net financial debt in real terms. The company also received recognition for having the fastest mobile network in Argentina for the fifth consecutive year.
For further insights into TEO stock, check out TipRanks’ Stock Analysis page.
