Brazil's Vivo 1Q Net BRL191.9 Million Vs BRL133 Million
May 03 2010 - 5:30AM
Dow Jones News
Brazil's leading cellular operator Vivo Participacoes (VIV)
Monday reported a first-quarter net profit of 191.9 million
Brazilian reals ($110 million), up from BRL133 million in the first
quarter of 2009.
The company attributed its net profit, among other factors, to a
rise in revenue.
Vivo's first-quarter net revenue rose 4.8% to BRL4.23 billion
from BRL4.04 billion in the year-earlier period.
The company's earnings before interest, taxes, depreciation and
amortization, or Ebitda, was BRL1.27 billion, up from BRL1.22
billion in the first quarter of 2009.
The Ebitda margin, a measure of profitability over net revenue,
was 30.1% in the quarter, down slightly from 30.4% in the
year-earlier period.
Vivo is jointly controlled by Spain's Telefonica SA (TEF) and
Portugal Telecom SGPS SA (PT).
-By Rogerio Jelmayer, Dow Jones Newswires; 5511-3544-7071;
rogerio.jelmayer@dowjones.com
Telefonica Brasil (NYSE:VIV)
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