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Stock impact report

Telecom Argentina S.A. announces consolidated results for the first quarter of fiscal year 2021 ("1Q21")*

Telecom Argentina SA (TEO) 
Company Research Source: PR Newswire
BUENOS AIRES, May 11, 2021 /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 1Q21 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally, comments related to variations of results of 1Q21 and vs. 1Q20 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 by inflation corresponding to March 2020 contain the effect of year over year inflation as of March 2021, which amounted to 42.6%. Consolidated Revenues of Telecom Argentina amounted to P$82,547 million in 1Q21 Show less Read more
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