Brasil Telecom Announces Gross Revenue of R$4.0 billion and Net Income of R$248.3 million in the 1Q08
April 22 2008 - 6:55PM
PR Newswire (US)
BRASILIA, Brazil, April 22 /PRNewswire-FirstCall/ -- Brasil Telecom
Participacoes S.A. (BOVESPA: BRTP3/BRTP4; NYSE: BRP) registered
consolidated net revenue of R$2,762.0 million in the 1Q08, 2.6% up
on the 1Q07, and net income of R$ 248.3 million, equivalent to R$
0.6850 per share. BrT Movel's EBITDA stood at R$ 14.7 million in
the 1Q08, 236.3% up on the same period the year before. The EBITDA
margin of the mobile operations came to 3.4%, 2.3 p.p. up on the
1Q07. In the 1Q08, Brasil Telecom added 69,500 ADSL users to its
network, totaling 1,637,300 users in service at the end of the
quarter, up by 18.3% year-on-year. ADSL users represented 20.4% of
Brasil Telecom's network in the 1Q08, versus 16.7% in the 1Q07. The
Internet Group, responsible for Brasil Telecom's Internet services,
recorded 1.3 million broadband clients nationwide at the end of the
1Q08, up by 16.2% on the same period the previous year. Gross
revenue from data communication amounted to R$791.0 million in the
1Q08, 23.0% higher than in the 1Q07. BrT Movel reached 4,577,600
mobile users at the end of the 1Q08, with 314,900 net additions in
this quarter. In the 1Q08, BrT Movel's client base grew by 25.8%
year-on-year. Its market share in Region II came to 13.7%, 0.8 p.p.
higher than in the previous year. Mobile telephony net revenue
continued increasing, totaling R$426.1 million, 10.7% up
year-on-year. Operating costs and expenses totaled R$2,397.6
million, 0.4% lower than the R$2.389.0 million recorded in the
1Q07. In the 1Q08, Brasil Telecom's investments totaled R$159.9
million while net debt stood at R$513.5 million, 55.1% less than in
the 1Q07. The full version of the 1Q08 earnings release is
available on Brasil Telecom's IR website:
http://www.brasiltelecom.com.br/ir. DATASOURCE: Brasil Telecom
Participacoes S.A. CONTACT: Brasil Telecom Contacts, Investor
Relations, +55-61-3415-1140, , or Media Relations,
+55-61-3415-1378, Web site: http://www.brasiltelecom.com.br/
http://www.brasiltelecom.com.br/ir
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