The Spanish telecommunications company Telefónica reported on Thursday pre-tax first quarter profits of €728 million ($781 million), versus the €516 million seen a year ago. This was primarily attributed to €45 million share of profit from investments in the latest quarter compared with €188 million loss in the previous-year quarter. Earnings before interest, taxes, depreciation, and amortization or EBITDA grew 1.9% to €3.205 billion. Net profit increased to €532 million or €0.08 per share from €298 million or €0.04 per share last year. Excluding one-time items, adjusted earnings per share wer…