Telefonica Brasil’s Q3 net profit slumps 29.8%

Dow Jones Newswires writes that Telefonica Brazil has reported third-quarter net income of BRL935.8 million (USD461 million), down 29.8% from a year earlier on the back of soaring tax expenses. The operator said that its 3Q12 results were impacted by the lower taxes it paid in 3Q11 (as dividends were paid in the form of interest on its own capital)

See the original post:

OVETEL Telefonica Brasil’s Q3 net profit slumps 29.8%