Telecom Argentina S.A. announces consolidated six month period ('1H19') and second quarter results for fiscal year 2019 ('2Q19')*
Telecom Argentina SA (TEO)
US:NYSE Investor Relations:
institucional.telecom.com.ar/inversores/investors.html
Company Research
Source: PR Newswire
BUENOS AIRES, Argentina, Aug. 9, 2019 /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 1H19 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally, comments related to variations of results of 1H19 and vs. 1H18 mentioned in this press release correspond to "figures restated by inflation" or "constant". The results restated for inflation corresponding to June 2018 contain the effect of year over year inflation as of June 2019, which reaches 55.8%. It is important to highlight this impact when performing an analysis of the Company's operational performance. Consolidated Revenues
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