July 18, 2012 / 6:16 AM / in 6 years

Millicom Q2 core profit lags consensus

STOCKHOLM, July 18 (Reuters) - Emerging markets telecoms group Millicom posted a smaller core profit than expected for the second quarter on Wednesday but roughly stood by a margin outlook for the full year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) were $513 million, unchanged from a year-earlier and below a mean forecast of $527 million in a Reuters poll of analysts.

The Latin America and Africa-focused operator forecast a full-year EBITDA margin of around 43 percent.

It had repeated as late as Monday, in connection with an announcement that it had agreed to buy Cablevision Paraguay, earlier guidance for a margin in the mid-forties.

Reporting by Stockholm Newsroom

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