Afrigather 
Telefonica SA backed its monetary targets and dividend for the yr after it reported greater third-quarter income on bettering handset gross sales in addition to a lift from international trade strikes.
The Spanish telecommunication firm
TEF,
TEF,
stated Friday that income for the July-through-September interval climbed to 10.34 billion euros ($10.08 billion) from EUR9.30 billion final yr.
Working revenue earlier than depreciation and amortization–a key profitability metric for Telefonica–fell to EUR3.25 billion from EUR3.73 billion.
Web revenue slipped to EUR460 million from EUR706 million final yr.
“Outcomes permit us to substantiate our full year-guidance, narrowed to the mid to higher finish of the low-single-digit vary at H1 22 outcomes, and our dividend dedication for 2022, regardless of a really difficult macro backdrop,” Telefonica Chief Government Jose Maria Alvarez-Pallete stated in a press release asserting the outcomes.
For 2022, Telefonica targets the excessive finish of the low single-digit progress vary for income, and the mid-to-high-end of low single-digit progress for Oibda.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
