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Stock impact report

Telecom Argentina S.A. announces consolidated results for the annual period ("FY19") and fourth quarter for fiscal year 2019 ("4Q19")*

Telecom Argentina SA (TEO) 
Company Research Source: PR Newswire
BUENOS AIRES, March 9, 2020 /PRNewswire/ -- Note: For the figures included in their FFSS, the Company has accounted for the effects of inflation adjustment adopted by Resolution 777/18 of the Comisión Nacional de Valores ("CNV"), which establishes that the restatement will be applied to the annual financial statements, for intermediate and special periods ended as of December 31, 2018 inclusive. Accordingly, the reported figures corresponding to FY19 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally, comments related to variations of results of FY19 and vs. FY18 mentioned in this press release correspond to "figures restated by inflation" or "constant".For comparative purposes, it is important to highlight that the results restated for inflation corresponding to December 2018 contain the effect of year over year inflation as of December 2019, which reaches 53.8%. Consolidated Revenues of Telecom Argentina amounted to P$237,024 million in Show less Read more
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