Chile , Mexico and Brazil
News

Sonda results hit by depreciation, Brazilian economy

Bnamericas Published: Thursday, January 28, 2016

Chile-based Latin American systems integrator Sonda saw a 9.9% drop in net profits in 2015 compared to 2014, as a result of the depreciation of local currencies against the US dollar, and particularly the Brazilian real.

The firm's net profit reached 42.9bn Chilean pesos (US$60.3mn) versus 47.5bn pesos in 2014. Revenues rose 1.4% in 2015 to 891bn pesos from the previous year.

Income from operations outside Chile fell 5.4% to 537bn pesos and represented 60.4% of total group revenue.

Sonda's key Brazilian market saw income fall 10.3% to 344bn pesos, offset by a 12.1% increase in revenue in Mexican operations to 82.4bn pesos. Sonda's home operations in Chile saw a 13.9% rise in income to 353bn pesos, while revenues in other parts of Latin America were flat at 112bn pesos.

Sonda has revealed an investment plan for US$790mn of which US$540mn will be earmarked for M&As in the region, particularly in Mexico, Colombia and Brazil.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: ICT

Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: ICT (Chile)

Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Powerhost Chile  (Ixmetro Powerhost)
  • The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
  • Company: WOM S.A.  (WOM)
  • Trunking operator WOM S.A., formerly Nextel Chile, present in the country since 2000, offers fully integrated wireless communications that include digital cellular voice, data a...
  • Company: Cámara de Comercio de Santiago A.G.  (CCS)
  • The Santiago chamber of commerce (CCS) is a non-profit trade association that supports local business development by providing members and businesses alike with products, servic...