Printer Friendly

TELEFONOS DE MEXICO REPORTS RESULTS

 TELEFONOS DE MEXICO REPORTS RESULTS
 MEXICO CITY, Feb. 25 /PRNewswire/ -- Telefonos de Mexico, S.A. de


C.V. (TELMEX), the Mexican telephone company, today released its results for year 1991. Telmex reported consolidated operating revenues of 16,273,043 million pesos, consolidated operating income of 7,105,151 million pesos and consolidated net income of 6,985,688 million pesos. These figures represent real increases, after adjustment for inflation, of 21.1 percent, 46.5 percent and 77.8 percent, respectively, over 1990.
 All figures released were prepared in accordance with Mexican generally accepted accounting principles and stated in constant pesos as of Dec. 31, 1991.
 Net income for 1991 includes a non-recurring gain of approximately 628,327 million pesos due to the retirement of Telmex indebtness acquired from the Mexican government in exchange for Mexican government debt held by Telmex.
 During 1991 Telmex added 670 thousand access lines, raising the total number of lines in service to 6,024,814, an increase of 12.5 percent over 1990.
 -0- 2/25/92
 /CONTACT: Teresa Currielche of Telmex in Mexico City, 525-703-3990/ CO: Telefonos de Mexico, S.A. de C.V. ST: IN: TLS SU: ERN


PS -- NY088 -- 2600 02/25/92 20:36 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 25, 1992
Words:205
Previous Article:SYMANTEC ANNOUNCES THE NORTON BACKUP 2.0 FOR DOS
Next Article:LAND O'LAKES CHAIRMAN SAYS TEAMWORK IS KEY TO GROWTH, SUCCESS
Topics:


Related Articles
COMPANIA DE TELEFONOS DE CHILE S.A. ANNOUNCES RESULTS IN U.S. GAAP FOR THE THREE MONTHS ENDED MARCH 31, 1992
TELMEX RELEASES EARNINGS FOR FIRST SIX MONTHS, 1992
TELEFONOS DE MEXICO REPORTS RESULTS
TELEFONOS DE MEXICO S.A. DE C.V. REPORTS RESULTS
TELEFONOS DE MEXICO S.A. DE C.V. REPORTS RESULTS
TELEFONOS DE MEXICO S.A. DE C.V. REPORTS RESULTS
TELEFONOS DE MEXICO, S.A. DE C.V. REPORTS RESULTS
TELMEX RELEASES PRELIMINARY ACCOUNTING RESULTS
TELMEX REPORTS FIRST QUARTER RESULTS
TELEFONOS DE MEXICO REPORTS RESULTS FOR FIRST NINE MONTHS 1994

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters