According to the financial results reported to the Financial Market Commission, Entel recorded profits of US$ 24.3 million between January and March this year, meaning a significant improvement compared to the losses of US$ 31.5 million registered in the same period last year. The company attributes this improvement to a higher operating result, of the order of 10%, and lower taxes due to the lower rise in the exchange rate.
In its revenues, there was a 9.28% increase compared to 1Q20, reaching US$ 789 million. This increase was driven by higher mobile revenues in Chile and Peru, in the order of 15% and 7%, respectively, due to fixed services in Chile associated with “Entel Hogar” and revenues from services to other operators, with a 38% growth.
Ebitda increased by US$ 6.8 million between the first three months of each year, going from US$ 242.8 million to US$ 249.7 million, a 3% increase. Both periods are affected by the sale of towers of the contract signed in December 2019. By excluding the sale of towers in each year, Ebitda shows a US$ 19.9 million increase, from US$ 223.4 million to US$ 243.3 million, adding a 9% increase.