Telecom Argentina Q4 profit surges by 28%

Editor Mobile

Argentina’s largest phone company, Telecom Argentina SA, Chief Executive Franco Bertone has announced that the company has posted a profit of $128 million, a 28% gain on the year.

According to Bertone, the full-year profit in 2010 rose 30% on the year to US$446.96 million, with net sales during the year growing 20% to US$3.65 billion.

He added that the company struggled to deal with high inflation, but benefited from paying off its debt fully last year.

EditorTelecom Argentina Q4 profit surges by 28%