It is very likely that International company Telmex SAB (TII) will report year-on-year net profit loss of 32% in the first quarter of 2009. The reason for such losses are the losses on US dollar foreign exchange and increase of tax costs for the company.
Telmex Internacianal is an international company, operating in Argentina, Brazil, Peru, Ecuador, Chile, Colombia, and is a company of its parent-company Telefonos de Mexico (TMX).
According to Dow Jones survey of 6 analysts, Telint (short name for Telmex Internacional) will report a profit of $99 million (1.32 billion pesos), or MXN0.07 a share.
Most likely, revenue of the company grew by 13%, and earnings before taxes and interest, and other, grew as well by 8%.
The report of Telmex Internacianal should publicize its report on the 29th of April after the closure of stock market.
Representatives from the company prove that changes in the currency rates were a serious influence on the level of income of the company in the first quarter. The dollar-denominated debt of Telint consisted 52.8% of the entire consolidated debt. As some cost Are related with dollars, they will have to be raised in the nearest time, claims the company.