Chile’s VTR Finance Posts CLP88b 1Q Net Loss vs CLP2.9b Profit

VTR Finance 1Q revenue fell to CLP105.9b ($108m) from CLP111.5b a year earlier, according to a statement on its website.

• In a separate statement the company said that its Ebitda margin fell to 12.4% compared to 17.5% a year earlier; the statement didn’t provide the Ebitda figure
• VTR said that isolating the effect of a weaker peso on its financial positions (CLP32b), it reduced its losses by 8.5% compared to the previous quarter
• NOTE: VTR is part of ClaroVTR, a 50:50 joint venture between America Movil and Liberty Latin America
• NOTE: Jan. 15: Billionaires Dig Deep to Save Chile’s VTR, ...