TELE CELULAR SUL PARTICIPAÇÕES S. A. TELE CELULAR SUL PARTICIPAÇÕES S.A. ANNOUNCES RESULTS FOR THE SECOND QUARTER 1999.
|
|
- Georgia Blake
- 5 years ago
- Views:
Transcription
1 TELE CELULAR SUL PARTICIPAÇÕES S. A. Contatos TELE CELULAR SUL PARTICIPAÇÕES S.A. Ruggero Caterini Diretor de Finanças e de Relações com Investidores Joana Dark Fonseca Serafim Relações com Investidores (41) jserafim@telecelularsul.com.br Rafael J. Caron Bosio Relações com Investidores (41) rbosio@telecelularsul.com.br Website TELE CELULAR SUL PARTICIPAÇÕES S.A. ANNOUNCES RESULTS FOR THE SECOND QUARTER Curitiba, August 12, 1999 Tele Celular Sul Participações S.A. (BOVESPA: TCLS3 and TCLS6; NYSE: TSU), the holding Company of Telepar Celular S.A., Telesc Celular S.A. and CTMR Celular S.A., leading providers of cellular telecommunications services in Southern Brazil, announced today its results for the Second Quarter and First Half Second Quarter 1999 Highlights: 48% growth in the subscriber base compared to the second Quarter of Launching of the prepaid card service, Pronto. Digitalization of 67% of the radio base stations and 49% of the municipalities served. The substitution of technology in 73 radio base stations related to the digitalization process. The launch of the implementation of the new Billing and Collection (BSCS) and Business Management (SAP-R/3) systems. Payment of dividends and interest on capital. Creation of Executive Offices: Director of Finance and Investor Relations, Director of Technology, Director of Business, Director of Operations, and Director of General Management.
2 Analysis of the Consolidated Results Operating Revenues In the Second Quarter of 1999, Gross Operating Revenue reached R$ million, representing a 30% increase compared to the R$ million reported for the Second Quarter of During that period, the number of subscribers grew by 48%, thereby offsetting the impact of the decrease in service fees (effective in late 1998) on Revenue. Gross Sales of Cellular Telephones began in January 1999 and amounted to R$ 36.2 million, representing 18% of the Gross Operating Revenue. Total Net Operating Revenue for the Second Quarter was R$158.5 million, including Net Revenue from the Sale of Cellular Telephones amounting to R$ 31.4 million. The table below provides a breakdown of Operating Revenue for the Second Quarter and First Half of 1999, compared to the same periods of 1998: In R$ Thousands 1Q99 2Q99 2 Q98 1H99 1H98 Gross Operating Revenue 182, , , , ,342 Sales of cellular telephones 19,306 36, ,523 0 Usage charges 88,267 86,646 70, , ,884 Monthly subscription fee 36,380 42,743 41,458 79,123 80,906 Rental 8,100 5,017 11,235 13,117 22,347 Interconnection charge 28,176 31,444 25,677 59,620 47,095 Activation 1, ,903 2,804 12,068 Additional services ,841 1,452 3,337 Others (153) 1, ,710 (295) Taxes and Other Deductions (37,202) (46,966) (32,576) (84,168) (69,564) Net Operating Income 145, , , , ,778 Net Operating Income from 128, , , , ,778 Services Net Operating Income from Sales 16,613 31,439-48,052 - Costs and Expenses Costs of Services Rendered for the Second Quarter of 1999, excluding the sale of telephones, was R$ 54 million, representing a 23% increase in relation to the same period of the previous year. This increase was primarily due to the adoption of different depreciation rates which resulted in a depreciation expense of R$ 6 million for the Second Quarter of 1999 and R$ 13 million for the First Half of The Cost of Equipment Sales for the Second Quarter of 1999 reached R$ 34 million compared to R$ 22 million reported for the First Quarter of
3 Selling Expenses reached R$22 million, while in the Second Quarter of 1998, Selling Expenses amounted to R$ 7 million. This increase was due to higher customer acquisition costs resulting from operating in a more competitive environment. The Provision for Doubtful Accounts, allocated to Selling Expenses, was R$ 9 million for the Second Quarter of 1999, representing an increase of 50% in relation to the same period of the previous year. However, compared to the First Quarter of 1999, this figure decreased by 10%, due to the Company s prepaid card service. The table below shows the Operating Costs and Expenses for the Second Quarter and First Half periods of 1999, compared to 1998: In R$ Thousands 1Q99 2Q99 2Q98 1H99 1H98 Cost of Services and Goods 75,614 87,249 44, ,863 89,358 Operating Expenses 64,646 51,730 16, ,376 52,265 Selling Expenses 19,302 22,342 7,212 41,644 27,478 General Administrative Expenses 14,874 21,076 4,258 35,950 16,154 Financing Expenses 28,617 8,765 3,779 37,382 7,035 Other Operating Expenses 1,853 (453) 1,092 1,400 1,598 Costs and Operating Expenses 140, ,979 60, , ,623 Provision for Doubtful Accounts 10,025 9,385 5,692 19,410 17,704 EBITDA 57,272 57,571 82, , ,870 EBITDA margin 39% 36% 66% 38% 59% EBITDA for the Second Quarter of 1999 was R$ 58 million, representing a 36% margin over Net Operating Revenue. The EBITDA margin for the Second Quarter of 1998 was 66%. The changes introduced by the transition to a more competitive environment are reflected in the Company s new EBITDA levels. Financial Situation Financial Expenses were R$ 8.7 million for the Second Quarter of 1999 and R$ 37 million for the First Half of The impact of the Real devaluation on the Financial Expenses, which was not deferred, was R$30 million for the First Half of the year. Tele Celular Sul s interest-bearing indebtedness, as of June 30, 1999, was R$ 86 million, representing dollar-denominated debt with suppliers. Non-Operating Income The Company wrote off fixed assets in the Second Quarter because of the need to replace equipment and technology for network digitalization. This write off resulted in a Non-Operating Expense of R$22 million, of which R$ 14 million had been provisioned for in Therefore, R$ 8 million affected the Company s results for the Second Quarter of Net Profit 3
4 Net profit for the Second Quarter of 1999 reached R$ 15.1 and the accumulated profit for the First Half of 1999 was R$ 31.2 million, or R$ 0.9 per lot of 1,000 shares. Investments Tele Celular Sul invested R$ 98 million during the Second Quarter of 1999, while in the same period of the previous year, the Company invested R$ 18 million. The total investment for the First Half of the current year was R$ million, financed by the Company s own excess cash. As a result, the Company achieved 67% digitalization of its radio base stations, expanded its customer base, increased its coverage area and improved the quality of its services. By the end of the Second Quarter of 1999, Tele Celular Sul reported market share of 94% and a penetration rate for the region of approximately 5.4%. Selected Data 1Q99 2 Q99 2Q98 1H99 1H98 Subscribers 665, , , , ,163 Average Subscribers 638, , , , ,158 Estimated population in the region ( millions) Penetration (Tele Celular Sul) 5.0% 5.4% 3.6% 5.4% 3.6% Municipalities Served Market share 98% 94% 100% 94% 100% Average revenue per subscriber (ARPU) 1 R$67.35 R$60.00 R$82.82 R$61.75 R$86.60 Monthly minute average per subscriber(incoming) Monthly minute average per subscriber (outgoing) Investment (millions) R$ 8.1 R$ 97.8 R$19.40 R$ R$ 62.8 Gross Additions 65, , ,881 - Disconnections 10,362 23,027-33,389 - Churn 2 2% 3% 5% - Total Employees Full-time Contractors and Interns Note: (1) Net Revenues, excluding Equipment Sales. (2) Calculated on the average subscriber base. The Year 2000 Issue Tele Celular Sul prepared a Contingency Plan aimed at finding solutions to any unforeseeable disruptions that may arise in the Year The objective of that Plan is to perform a detailed analysis of the risks and likely impact to areas vulnerable to the Y2K problem, with special emphasis on the Cellular Telephone Network. To this end, TSU will continue working to ensure the continuity of its service. 4
5 The software of the Company s switching centers (CCC s), used to initiate and route phone calls, was replaced after it failed tests done by vendors. The billing and collection (BSCS) and business management (SAP/R3) systems, are already compliant with the Year 2000 and will be fully integrated by October. With these systems, the Company s other systems (accounting, accounts payable, inventory management, etc.) will be Y2K compliant. Based on the Company s efforts and its project deadlines, management expects that there will be no abnormality in its Mobile Telephone Services. Company Outlook Despite a difficult macroeconomic environment, the mobile telephone service market in Brazil continues to show high growth rates. Despite this challenge, Tele Celular Sul made significant advances by the end of the Second Quarter of Tele Celular Sul s prepaid service, Pronto, launched in late April 1999, reached 63,908 subscribers (representing 61% of the net increase in the Quarter). 44% of the municipalities served and 67% of the radio base stations were digitalized, avoiding significant market losses. Thus, the Company efforts are in line with its long term strategy: modernization, digitalization and expansion into new market segments. In spite of the constant challenges presented by the economic scenario and by the increasingly competitive environment, management remains confident in TSU s continuous growth and leadership position in the market. 5
6 TELE CELULAR SUL PARTICIPAÇÕES S.A. BALANCE SHEET AT JUNE 30, 1999 AND MARCH 31, 1999 (in thousands of Brazilian reais) (Translation of the original in Portuguese) A S S E T S Parent Company. Consolidated. June 30, 1999 March 31, 1999 June 30, March 31, 1999 CURRENT ASSETS Cash and marketable securities 1, ,167 86,163 Accounts receivable from services ,060 95,343 Accounts receivable from sales of products ,463 13,785 Allowance for doubtful accounts - - (13,116) (24,277) Inventories ,600 26,835 Receivable from subsidiaries 106, , Deferred and recoverable taxes 4,259 4,815 29,600 53,653 Other current assets 2, ,418 27, , , , ,658 LONG-TERM ASSETS Receivables from subsidiaries 3,984 5, Deferred and recoverable taxes , ,984 5,402 24, PERMANENT ASSETS Investments 455, , Property, plant and equipment , ,068 Deferred assets , , , ,471 Total assets 574, , , ,791 ====== ====== ====== ====== 6
7 TELE CELULAR SUL PARTICIPAÇÕES S.A. BALANCE SHEET AT JUNE 30,1999 AND MARCH 31, 1999 (in thousands of Brazilian reais) (Translation of the original in Portuguese) LIABILITIES AND SHAREHOLDERS EQUITY Parent Company. Consolidated. June 30, 1999 March 31, 1999 June 30, March 31, 1999 CURRENT LIABILITIES Loans and financing ,040 75,455 Suppliers ,489 34,183 Taxes and contributions ,097 20,185 Dividends payable 2,116 32,158 5,604 42,057 Provision for contingencies - - 2,859 2,708 Other current liabilities ,761 9,020 2,552 33, , ,608 LONG-TERM LIABILITIES Loans and financing ,391 12,000 Provision for pension plan - - 1,909 1,805 Other long-term liabilities , ,789 14,625 MINORITY INTEREST , , , ,265 SHAREHOLDERS EQUITY Capital Stock 175, , , ,872 Legal reserve 15,027 15,027 15,027 15,027 Profit Reserves 142, , , ,408 Retained earnings 238, , , , , , , ,918 Total liabilities and shareholders equity 574, , , ,791 ====== ====== ====== ====== 7
8 TELE CELULAR SUL PARTICIPAÇÕES S.A. INCOME STATEMENT FOR THE QUARTER AND SIX MONTHS ENDED JUNE 30, 1999 AND 1998 (In thousands of Brazilian reais) 3 months months 1999 Parent Company 3 months months 1998 Operating income (expenses) General and administrative (537) (1,087) - - Financial income (expenses) 1,902 25,390 5,576 7,428 Other operating income (expenses), net (86) Income from the investments in subsidiaries 14,503 15,062 38,114 66,769 Operating income 15,782 39,469 43,690 74,197 Non-operating income, net Income before taxes and profit sharing 15,782 39,469 43,699 74,205 Provision for income tax and social contribution (643) (8,273) (1,839) (2,450) Net income 15,139 31,196 41,860 71,755 Number of shares outstanding (in thousands) 334,399, ,399, ,399, ,399,027 Net income per thousand shares
9 TELE CELULAR SUL PARTICIPAÇÕES S.A. CONSOLIDATED INCOME STATEMENT FOR THE QUARTER AND SIX MONTHS ENDED JUNE 30, 1999AND 1998 (In thousands of Brazilian reais) 3 months months 1999 Consolidated 3 months months 1998 Gross revenue 205, , , ,342 Deductions (46,966) (84,168) (32,576) (69,564) Net revenue 158, , , ,778 Cost of sales (87,249) (162,863) (44,486) (89,358) Gross profit 71, ,231 80, ,420 Operating income (expenses) Selling expenses (22,342) (41,644) (1,520) (9,774) General and administrative (21,076) (35,950) (9,950) (33,858) Financial income (expenses) (322) (18,539) 5,531 5,179 Other operating income, net 5,716 7, ,853 Operating income 33,299 52,583 76, ,820 Non-operating income (expenses) (7,940) (7,940) (2) 16 Income before taxes and profit sharing 25,359 44,643 76, ,836 Provision for income tax and social contribution (8,720) (24,095) (22,103) (40,599) Deferred income tax 1,486 10, Profit sharing (311) (530) (177) (334) Minority interests (2,675) 670 (13,028) (21,635) Net income 15,139 31,196 41,149 69,268 Number of shares outstanding (in thousands) 334,399, ,399, ,399, ,399,027 Net income per thousand shares
TELE CELULAR SUL PARTICIPAÇÕES S.A. ANNOUNCES ITS RESULTS FOR THE THIRD QUARTER OF 1999
Contacts: In Brazil Ruggero Caterini Joana Dark Fonseca Serafim Phone #: +55 41 312-6862 E-mail: jserafim@timsul.com.br Web site: www. timsul.com.br Stock Exchange at September 30, 1999: TCSL3: R$ 2.40
More informationTELE CELULAR SUL PARTICIPAÇÕES S.A. ANNOUNCES ITS CONSOLIDATED RESULTS FOR THE THIRD QUARTER 2001
Contact TELE CELULAR SUL PARTICIPAÇÕES S.A. Ruggero Caterini Chief Financial Officer and Director of Investor Relations Joana Dark Fonseca Serafim Investor Relations (41) 312-6862 Jserafim@timsul.com.br
More informationTELE CELULAR SUL PARTICIPAÇÕES S.A. ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2001 RESULTS
Contact Paulo Roberto Cruz Cozza Chief Financial Officer and Director of Investor Relations Joana Dark Fonseca Serafim Investor Relations (41) 312-6862 jserafim@timsul.com.br Rafael J. Caron Bósio Investor
More informationPress Release. 1 st Quarter 2004 Results
Press Release 1 st Quarter 2004 Results 1Q04 - page 2 of 2 Contacts Paulo Roberto Cruz Cozza Chief Financial Officer and Director of Investor Relations Joana Dark Fonseca Serafim Investor Relations (41)
More informationTELE NORDESTE CELULAR PARTICIPAÇÕES S.A. ANNOUNCES FOURTH QUARTER AND YEAR-END 1999 RESULTS
Contacts: Tele Nordeste Celular Thomson Financial Investor Relations Mario Gomes Peter Firestein 55 81 216.2591 Isabel Vieira Fabíola Almeida 212 701 1823 55 81 216.2594 Octavio Muniz 55 81 216.2593 Homepage:
More informationFOR IMMEDIATE RELEASE TELE NORDESTE CELULAR PARTICIPAÇÕES S.A. ANNOUNCES SECOND QUARTER 1999 RESULTS
FOR IMMEDIATE RELEASE Contacts: Tele Nordeste Celular Participações Thomson Financial IR Mario Gomes Peter Firestein 55.81.216.2591 Isabel Vieira Fabíola Almeida 212.701.1823 55.81.216.2594 Octavio Muniz
More informationTELE NORDESTE CELULAR PARTICIPAÇÕES S.A. ANNOUNCES SECOND QUARTER 2000 RESULTS (UNAUDITED)
Contacts: Tele Nordeste Celular Participações S.A. Thomson Financial IR Mario Roberto Gomes Isabel Vieira 55.81.216.2591 212.701.1823 Fabíola Almeida isabel.vieira@thomsonir.com 55.81.216.2594 Rick Huber
More informationTELE NORDESTE CELULAR PARTICIPAÇÕES S.A. ANNOUNCES THIRD QUARTER 2001 RESULTS
Contacts: Tele Nordeste Celular Participações S.A. Walmir Urbano Kesseli 55.81.3216.2591 Fabíola Almeida 55.81.3216.2594 fabiola.almeida@timnordeste.com.br Polyana Maciel 55.81.3216.2593 polyana.maciel@timnordeste.com.br
More informationFOR IMMEDIATE RELEASE TELE NORDESTE CELULAR PARTICIPAÇÕES S.A. ANNOUNCES FIRST QUARTER 2000 RESULTS
FOR IMMEDIATE RELEASE Contacts: Tele Nordeste Celular Participações S.A. Thomson Financial IR Mario Gomes Peter Firestein 55.81.216.2592 Isabel Vieira Fabíola Almeida 212.701.1823 55.81.216.2594 Octavio
More informationPress Release. 2º Quarter 2004 Results
Press Release 2º Quarter 2004 Results 2003 - página 2 de 13 Contacts Walmir Urbano Kesseli Chief Financial Officer and Director of Investor Relations Leonardo Marques Wanderley Investor Relations (81)
More informationTIM Participações S.A.
TIM PARTICIPAÇÕES S.A. Announces its Consolidated Results for the First Quarter of 2006 May 04, 2006 BOVESPA (lot of 1,000 shares) TCSL3: R$10.19 TCSL4: R$ 8.40 NYSE (1 ADR = 10,000 shares) TSU: US$ 40.60
More informationTELE NORDESTE CELULAR PARTICIPAÇÕES S.A. ANNOUNCES FOURTH QUARTER 2001 RESULTS
Contacts: Tele Nordeste Celular Participações S.A. Walmir Urbano Kesseli 55.81.3216.2591 Fabíola Almeida 55.81.3216.2594 fabiola.almeida@timnordeste.com.br Polyana Maciel 55.81.3216.2593 polyana.maciel@timnordeste.com.br
More informationTELE NORDESTE CELULAR PARTICIPAÇÕES S.A. ANNOUNCES SECOND QUARTER 2002 RESULTS
Contacts: Tele Nordeste Celular Participações S.A. Walmir Urbano Kesseli 55.81.3216.2591 Fabíola Almeida 55.81.3216.2594 fabiola.almeida@timnordeste.com.br Polyana Maciel 55.81.3216.2593 polyana.maciel@timnordeste.com.br
More informationFree Translation into English of Quarterly Information (ITR) Originally Issued in Portuguese
Free Translation into English of Quarterly Information (ITR) Originally Issued in Portuguese Index Company Information... 2 Capital... 3 Parent Company Financial Statements Balance Sheet Assets... 4 Balance
More informationCapital... 3 Approval of Dividends... 4
Free Translation into English of Quarterly Information (ITR) Originally Issued in Portuguese Index Company Information... 2 Capital... 3 Approval of Dividends... 4 Parent Company Financial Statements Balance
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS TELEFONICA CELULAR DEL PARAGUAY S.A. As at and for the three month period ended 31 March 2017 1. Overview We are a
More informationFree Translation into English of Quarterly Information (ITR) Originally Issued in Portuguese
Free Translation into English of Quarterly Information (ITR) Originally Issued in Portuguese Index Company Information... 2 Capital... 3 Parent Company Financial Statements Balance Sheet Assets... 4 Balance
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS TELEFONICA CELULAR DEL PARAGUAY S.A. As at and for the year ended 31 December 2016 1. Overview We are a leading multinational
More informationAccumulated R$ million 3 Q 10 2 Q 10 3 Q % Consolidated Consolidated Consolidated
VIVO MAINTAINS HIGH GROWTH OF REVENUES AND IMPROVES PROFITABILITY IN THIS QUARTER WITH CONSISTENT INCREASE IN THE EBITDA AND IN THE PROFIT, BESIDES EXPANDING ITS LEADERSHIP IN THE POSTPAID SEGMENT. November
More information1Q06 Financial Results
NETC4: R$ 1.24/share (Bovespa) NETC: US$ 5.84/ADR (1ADR=10 shares - Nasdaq) XNET: EUR$ 4.64/10 shares (Latibex) Total Shares: 3,954,663,665 Market Value: R$ 4.9 billion Closing price: 04/24/06 1Q06 Financial
More informationTELEFONICA DATA BRASIL HOLDING S.A.
TELEFONICA DATA BRASIL HOLDING S.A. Announces Consolidated Financial Results for the first quarter of 2004 Press Release, May 07, 2004 (07 pages) For more information, please contact: Charles E. Allen
More informationTIM Participações S.A. and TIM Participações S.A. and Subsidiaries
TIM Participações S.A. and TIM Participações S.A. and Subsidiaries Financial Statements in December 3, 200 and 2009 and Independent Auditors' Report TIM PARTICIPAÇÕES S.A. FINANCIAL STATEMENTS December
More informationCANTV ANNOUNCES SECOND QUARTER 2005 RESULTS
From: Compañía Anónima Nacional Teléfonos de Venezuela (Cantv) NYSE: VNT For Release: Contact: FOR IMMEDIATE RELEASE Cantv Investor Relations +011 58 212 500-1831 (Main) +011 58 212 500-1828 (Fax) Email:
More informationEMBRATEL REPORTS SECOND QUARTER 2000 NET REVENUES OF R$ 1.6 BILLION
NEWS RELEASE Silvia M.R. Pereira Investor Relations tel: (55 21) 519-9662 fax: (55 21) 519-6388 email: invest@embratel.com.br Contact Information: Wallace Borges Grecco Press Relations tel: (55 21) 519-7282
More informationTELECOM ARGENTINA S.A.
TELECOM ARGENTINA S.A. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2015 UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2015 AND 2014 INDEX Operating
More informationTIM PARTICIPAÇÕES S.A. Announces its Consolidated Results for the First Quarter 2009
TIM PARTICIPAÇÕES S.A. Announces its Consolidated Results for the First Quarter 2009 BOVESPA 1 (lot = 1 share) TCSL3: R$6.99 TCSL4: R$3.79 NYSE 1 (1 ADR = 10 PN shares) TSU: US$17.61 (1) closing prices
More informationFirst Quarter 2004 Financial Results
First Quarter 2004 Financial Results PLIM4: R$ 0.75/share (Bovespa) NETC: US$ 2.43/ADR (1ADR=10 shares - Nasdaq) XNET: EUR$ 2.02/10 shares (Latibex) Total Shares: 2,028,855,530 Merket Value: R$ 1,521.0
More informationTIM Participações S.A. and TIM Participações S.A. and subsidiaries
Free Translation into English of Quarterly Information (ITR) Originally Issued in Portuguese TIM Participações S.A. and TIM Participações S.A. and subsidiaries Quarterly Information as at March 31, 2015
More informationContact Information: EMBRATEL REPORTS THIRD QUARTER 2000 NET REVENUES OF R$ 1.8 BILLION
NEWS RELEASE Silvia M.R. Pereira Investor Relations tel: (55 21) 519-9662 fax: (55 21) 519-6388 email: invest@embratel.com.br Contact Information: Wallace Borges Grecco Press Relations tel: (55 21) 519-7282
More informationQuarterly information (ITR) LPS Brasil Consultoria de Imóveis S.A.
Quarterly information (ITR) LPS Brasil Consultoria de Imóveis S.A. with Independent Auditor s Review Report (A free translation from Portuguese into English of Independent auditor s review report on Quarterly
More informationVodacom Group (Proprietary) Limited
www.vodacom.co.za Vodacom Group (Proprietary) Limited Group Interim Results for the six months ended September 30, 2005 GROUP INTERIM FINANCIAL HIGHLIGHTS Group revenue up 22.3% to R16.2 billion Group
More informationTELEFONICA DATA BRASIL HOLDING S.A.
TELEFONICA DATA BRASIL HOLDING S.A. Announces Consolidated Financial Results for the third quarter of 2003 Press Release, October 31, 2003 (09 pages) For more information, please contact: Charles E. Allen
More informationCentro Nacional de Telecomunicaciones FAX:
From: Compañía Anónima Nacional For Release: FOR IMMEDIATE RELEASE Teléfonos de Venezuela (CANTV) (NYSE: VNT) Contact: CANTV Investor Relations Department Avenida Libertador 011-58-212-500-1831(Master)
More informationQ Results. Emirates Integrated Telecommunications Company PJSC July 2014
Q2 214 Results Emirates Integrated Telecommunications Company PJSC July 214 Disclaimer Emirates Integrated Telecommunications Company PJSC (hereafter du ) is a telecommunication services provider in the
More information2Q17 Earnings Release
2Q17 Earnings Release 2Q17 HIGHLIGHTS 34.1% growth in access using ultra broadband (over 10MB) Uberlândia - MG, August 2017 - Algar Telecom, a comprehensive integrated telecommunications and IT company,
More informationGLOBO CABO IMPROVES REVENUE AND PROFIT PERFORMANCE DESPITE ECONOMIC SLOWDOWN IN BRAZIL.
Globo Cabo S.A. Av. Afrânio de Melo Franco, n o 135-1º Andar Leblon - Rio de Janeiro - RJ CEP 22430-0603 Tel: (55 21) 540-4434 Fax: (55 21) 512-6957 NEWS RELEASE Fernanda Mourão Globo Cabo S.A. 55-21-540-4434
More informationAnnouncement of Audited Results for the Full Year ended 31 December 2015
StarHub Ltd Reg. No.:199802208C 67 Ubi Avenue 1 #05-01 StarHub Green Singapore 408942 Tel (65) 6825 5000 Fax (65) 6721 5000 Announcement of Audited Results for the Full Year ended 31 December 2015 StarHub
More informationTelemar Norte Leste S.A.
(Convenience Translation into English from the Original Previously Issued in Portuguese) REPORT ON REVIEW OF INTERIM FINANCIAL STATEMENTS To the Board of Directors and Shareholders of Rio de Janeiro RJ
More informationVODACOM GROUP (PROPRIETARY) LIMITED INTERIM RESULTS FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2007
VODACOM GROUP (PROPRIETARY) LIMITED INTERIM RESULTS FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2007 Operational highlights Alan Knott-Craig Chief Executive Officer Group highlights For the six months ended
More informationNetshoes Limited Reports First Quarter 2017 Results
Netshoes Limited Reports First Quarter 2017 Results Gross Merchandise Volume increased 20.6%, or 25.2% on an FX neutral basis, to R$531.2 million, compared to 1Q-2016 Margin improvements reflect operating
More informationMobile segment revenues increased by 24.9% mainly driven by a substantial increase in traffic and enhanced service revenues.
Contact: Szabolcs Czenthe, Matáv IR +36-1-458-0437 Tamás Dancsecs, Matáv IR +36-1-457-6084 Zsolt Kerti, Matáv IR +36-1-458-0403 investor.relations@ln.matav.hu Belinda Bishop, Taylor Rafferty +44-(0)207-936-0400
More informationEMBRATEL REPORTS 2000 NET REVENUES OF R$ 6.7 BILLION
NEWS RELEASE Silvia M.R. Pereira Investor Relations tel: (55 21) 519-9662 fax: (55 21) 519-6388 email: invest@embratel.com.br Contact Information: Wallace Borges Grecco Press Relations tel: (55 21) 519-7282
More informationEarnings Release 3Q18
Earnings Release 3Q18 1 +8,5% +8.5% B2B gross revenue in the Telecom segment grew by 8.5%. +7.7% Fixed broadband revenue, the main service in the B2C segment, increased by 7.7% with high speed plans +17.9%
More informationo Fixed voice accesses recorded growth (+13 thousand accesses in 2Q13 over 1Q13), for the first time since 3Q10;
Results April June / 2013 + TELEFÔNICA BRASIL CONSOLIDATES ITS LEADERSHIP IN THE MOBILE BUSINESS IN 2Q13 AND CONFIRMS POSITIVE OPERATING AND FINANCIAL TRENDS IN THE FIXED-LINE BUSINESS HIGHLIGHTS Positive
More informationResults 3Q18. October 25, 2018 B3: LREN3; USOTC:LRENY. CONFERENCE CALL ON RESULTS October :00 p.m. (Brazil) / 12 noon (US-EST)
Results 3Q18 October 25, 2018 B3: LREN3; USOTC:LRENY CONFERENCE CALL ON RESULTS October 26. 2018 1:00 p.m. (Brazil) / 12 noon (US-EST) Access in Portuguese: +55 11 3127-4971 ou +55 11 3728-5971 Access
More informationTelekom Austria Group - Results for the Financial Year 2003: Substantial Increase in Net Income
Press Information Vienna, March 24, 2003 Telekom Austria Group - Results for the Financial Year 2003: Substantial Increase in Net Income Group revenues increase by 1.6% to EUR 3,969.8 million Consolidated
More informationDEMONSTRAÇÕES FINANCEIRAS FINANCIAL STATEMENTS
DEMONSTRAÇÕES FINANCEIRAS FINANCIAL STATEMENTS REPORT OF THE INDEPENDENT AUDITORS ON THE FINANCIAL STATEMENTS To the board members and shareholders of Santos Brasil Participações S.A. São Paulo SP We have
More informationContax Participações S.A. and
(A free translation of the original in Portuguese) Contax Participações S.A. and Contax Participações S.A. and subsidiary Consolidated and Reclassified Combined Financial Statements at and Report of Independent
More information1 st Quarter 2004 Earnings Release April 30, 2004
1 st Quarter 2004 Earnings Release April 30, 2004 Conference Call Compañía Anónima Nacional Teléfonos de Venezuela (NYSE:VNT) Safe Harbor Statement Statements in this presentation that are not strictly
More information2009 Earnings Release
NETC4: R$ 21.85 /share (BM&FBOVESPA) NETC: US$ 11.92 /ADR (NASDAQ) XNET: EUR 8.71 /share (Latibex) Total Shares: 342,963,601 Market Capitalization: R$ 7.5 billion Closing Price: 02/09/2010 São Paulo, Net
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion of our financial condition and results of operations should be read in conjunction with our
More informationBRASIL TELECOM PARTICIPAÇÕES S.A. (F/K/A TELE CENTRO SUL PARTICIPAÇÕES S.A.) (Exact Name of Registrant as Specified in Its Charter)
As filed with the Securities and Exchange Commission on June 30, 2000 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
More informationGLOBO CABO REDUCES DEBT AND INCREASES MARGINS WHILE FACING SMALL DECLINE IN SUBSCRIBER BASE.
Globo Cabo S.A. Av. Rio Branco n o 1-6º Andar Centro - Rio de Janeiro - RJ CEP 20090-003 Tel: (55 21) 276-6055 Fax: (55 21) 276-6955 NEWS RELEASE Investor Relations Globo Cabo S.A. 55-21-276-6055 Curtis
More informationEmbratel Participações Earnings Release First Quarter 2003 Results 1
Embratel Participações Earnings Release First Quarter 2003 Results 1 Rio de Janeiro, Brazil May 6, 2003 Embratel Participações S.A. (Embratel Participações or the Company ) NYSE: EMT; BOVESPA: EBTP3, EBTP4
More informationVonage Holdings Corp. Reports First Quarter 2014 Results
Vonage Holdings Corp. Reports First Quarter Results -- 40% Year-over-Year Revenue Growth in Vonage Business Solutions -- -- Revenue of 221 Million -- -- Adjusted EBITDA 1 of 29 Million -- -- Net Income
More informationINTERIM MANAGEMENT REPORT AT MARCH 31, 2017
INTERIM MANAGEMENT REPORT AT MAR RCH 31, 2017 This document has been translatedt d into English for the convenience of the readers. In the event of discrepancy, the Italian language versionn prevails.
More informationSummarized Group financial results for the quarter and year ended March 31, 2014, notice of annual general meeting and form of proxy
Summarized Group financial results for the quarter and year, notice of annual general meeting and form of proxy Commentary MiX Telematics announces Financial Results for Fourth Quarter and full Fiscal
More informationAnnual results presentation
Annual results presentation Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentations may lawfully be communicated ( relevant persons ) ).
More informationSECURITIES AND EXCHANGE COMMISSION Washington, DC FORM 20-F
As filed with the Securities and Exchange Commission on July 1, 1999 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
More informationAbril S.A. and subsidiaries
(A free translation of the original in Portuguese) Abril S.A. Abril S.A. and subsidiaries FINANCIAL STATEMENTS as at December 31, 2011 and Independent Auditor s Report (A free translation of the original
More informationFirst half Earnings Release. Portugal Telecom
First half 2008 Earnings Release Portugal Telecom Earnings Release Lisbon, Portugal, 7 August 2008 Portugal Telecom announced today its results for the second quarter and first half, ended 30 June 2008.
More informationRESULTS 3Q17. Investor Relations Telefônica Brasil S.A. October, 2017
RESULTS 3Q17 Investor Relations Telefônica Brasil S.A. October, 2017 DISCLAIMER This presentation may contain forward-looking statements concerning future prospects and objectives regarding growth of the
More informationSunrise Communications Holdings S.A. Interim Financial Report for the six-month period ended June 30, 2012
Sunrise Communications Holdings S.A. Interim Financial Report for the six-month period ended Facts & Figures June 30, June 30, Results of Operations (in 000 CHF, except where indicated) Revenue Mobile
More informationResults January March / Resultados 4T13 Telefônica Brasil S.A.
Results January March / 2014 Resultados 4T13 0+ TELEFÔNICA BRASIL REACHES MARGIN OF 29.8% WITH STRICT COST CONTROL DESPITE THE HIGHER COMMERCIAL ACTIVITY IN THE PERIOD HIGHLIGHTS Accelerated growth of
More informationPositivo Tecnologia posts a 35.4% growth in PCs sales in Brazil during 2Q18
Positivo Tecnologia posts a 35.4% growth in PCs sales in Brazil during 2Q18 Curitiba, August 14, 2018 Positivo Tecnologia S.A. (B3: POSI3) announces today its results for the 2Q18. The following financial
More informationQuarterly Financial Information
Quarterly Financial Information With Unqualified Report of Independent Registered Accounting Firm over the Quarterly Financial Information Page 0 of 160 CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL
More informationINDOSAT REPORTS FIRST QUARTER 2004 OPERATING AND UN-AUDITED FINANCIAL RESULTS
INDOSAT Contact: Investor Relations Division Phone: +62 21 3869614/30001340 Fax: +62 21 3804045 e-mail: investor@indosat.com http://www.indosat.com For immediate release: INDOSAT REPORTS FIRST QUARTER
More informationThe World...Connected
The World...Connected DISCLAIMER This presentation has been prepared and published by Vodacom Group (Proprietary) Limited. Vodacom Group (Proprietary) Limited is a private company and as such is not required
More informationMILLICOM INTERNATIONAL CELLULAR S.A.
PRESS RELEASE New York and Stockholm April 21, 2009 MILLICOM INTERNATIONAL CELLULAR S.A. RESULTS FOR THE PERIOD ENDED MARCH 31, 2009 (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) Key figures 29%
More informationMIX TELEMATICS ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER OF FISCAL 2014
MiX Telematics Limited (Incorporated in the Republic of South Africa) (Registration number 1995/013858/06) JSE share code: MIX ISIN: ZAE000125316 ( MiX or MiX Telematics or the Company or the Group ) MIX
More informationRESULTS 2Q16. Investor Relations Telefônica Brasil S.A. July, 2016
RESULTS Investor Relations Telefônica Brasil S.A. July, 2016 DISCLAIMER This presentation may contain forward-looking statements concerning future prospects and objectives regarding growth of the subscriber
More informationBrasil Telecom Participações S.A.
BRTP3: R$19.61 / 1,000 shares BRTP4: R$24.45 / 1,000 shares BRP: US$41.73 / ADR Market Value: R$8,073 million Closing Price: February 11, 2004 Brasil Telecom Participações S.A. Consolidated Earnings Release
More informationVodacom Group (Pty) Limited Group Interim Results
Vodacom Group (Pty) Limited Group Interim Results For the six months ended September 30, 2004 COMMENTARY Vodacom Group (Proprietary) Limited, South Africa s largest mobile communications network announces
More informationSzabolcs Czenthe, Matáv IR Tamás Dancsecs, Matáv IR Zsolt Kerti, Matáv IR
Contact: Szabolcs Czenthe, Matáv IR +36-1-458-0437 Tamás Dancsecs, Matáv IR +36-1-457-6084 Zsolt Kerti, Matáv IR +36-1-458-0403 investor.relations@ln.matav.hu - 1 - Belinda Bishop, Taylor Rafferty +44-(0)207-936-0400
More informationNet cash from operating activities reached HUF 41.5 bn representing 187% growth over Q
Contact: Szabolcs Czenthe, Matáv IR +36-1-458-0437 Tamás Dancsecs, Matáv IR +36-1-457-6084 Zsolt Kerti, Matáv IR +36-1-458-0403 investor.relations@ln.matav.hu Belinda Bishop, Taylor Rafferty +44-(0)207-936-0400
More information(Millions of Mexican pesos with purchasing power as of September, 2002) % 9 Months 9 Months % 3Q Q 2001 Increase Increase
269,858 lines were added during the third quarter raising the total to 14,158,103 lines in service, an annual increase of 8.8% At the end of the second quarter, Internet access accounts increased 30.3%
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion of our financial condition and results of operations should be read in conjunction with our
More informationOi S.A. - UNDER JUDICIAL REORGANIZATION
(Convenience translation into English from the original previously issued in Portuguese) Oi S.A. - UNDER JUDICIAL REORGANIZATION Interim financial information for the quarter ended March 31, 2018 and independent
More informationEarnings Release. TIM Participações S.A. 1 st QTR
Earnings Release TIM Participações S.A. 1 st QTR 2013 TIM PARTICIPAÇÕES S.A. Announces its Consolidated Results for the First Quarter of 2013 BM&FBOVESPA 1 (lot = 1 share) TIMP3: R$ 8.29 NYSE 1 (1 ADR
More informationAbril S.A. and subsidiaries
(A free translation of the original in Portuguese) Abril S.A. Abril S.A. and subsidiaries FINANCIAL STATEMENTS at December 31, 2012 and Independent Auditor's Report (A free translation of the original
More informationVIVO PARTICIPAÇÕES S.A.
VOCÊ EM PRIMEIRO LUGAR VIVO PARTICIPAÇÕES S.A. SECOND QUARTER 2006 CONSOLIDATED RESULTS JULY 21, 2006 VIVO Participações S.A. (VIVO) announces today its consolidated results for the second quarter 2006
More informationUsinas Siderúrgicas de Minas Gerais S.A. - USIMINAS Quarterly Information (ITR) at June 30, 2017 and report on review of quarterly information
(A free translation of the original in Portuguese) Usinas Siderúrgicas de Minas Gerais S.A. - USIMINAS Quarterly Information (ITR) at June 30, 2017 and report on review of quarterly information Contents
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview We are the leading provider of mobile communications services in Guatemala, providing communications, data,
More informationSoftchoice Corporation. Consolidated Financial Statements March 31, 2003 (in thousands of Canadian dollars)
Consolidated Financial Statements (in thousands of Canadian dollars) Consolidated Balance Sheets (in thousands of Canadian dollars) ASSETS Current assets December 31, (audited) Cash and cash equivalents
More information2018 SECOND QUARTER RESULTS
2018 SECOND QUARTER RESULTS HIGHLIGHTS Change in the base profile has brought more resilience to macroeconomic instabilities Postpaid customer base reached 33.7% of the total base, growth of 20.5%; Recurring
More informationAnnouncement of Audited Results for the Full Year ended 31 December 2012
StarHub Ltd Reg. No.:199802208C 67 Ubi Avenue 1 #05-01 StarHub Green Singapore 408942 Tel (65) 6825 5000 Fax (65) 6721 5000 STARHUB LTD Announcement of Audited Results for the Full Year ended 31 December
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion of our financial condition and results of operations should be read in conjunction with our
More informationNet revenue: R$ 140.7mn in 3Q09 Ebitda: R$ 15.2mn in 3Q09 (EBITDA margin 10.8%) Net profit: R$ 14.0mn in 3Q09 Operating cash flow: R$ 55.
Net revenue: R$ 140.7mn in 3Q09 Ebitda: R$ 15.2mn in 3Q09 (EBITDA margin 10.8%) Net profit: R$ 14.0mn in 3Q09 Operating cash flow: R$ 55.8mn in 3Q09 São Paulo, Brazil, Nov. 5, 2009 This release gives third
More informationMATÁV MEETS 2002 TARGETS IN A CHANGING ENVIRONMENT
Contacts: Szabolcs Czenthe, Matáv IR +36-1-458-0437 Tamás Dancsecs, Matáv IR +36-1-457-6084 Gyula Fazekas, Matáv IR +36-1-457-6186 investor.relations@ln.matav.hu Catriona Cockburn, Citigate Dewe Rogerson
More informationWITH STRATEGY FOCUSED ON VALUE GENERATION AND SOLID OPERATING EVOLUTION, TELEFÔNICA
Results January December / 2013 0+ WITH STRATEGY FOCUSED ON VALUE GENERATION AND SOLID OPERATING EVOLUTION, TELEFÔNICA BRASIL RECORDED IN 2013 RECURRENT EBITDA OF R$10.5 BILLION WITH 30.4% MARGIN HIGHLIGHTS
More information4Q11 RESULTS PRESENTATION
4Q11 RESULTS PRESENTATION 1 MARCH 2012 1 DISCLAIMER This presentation contains forward looking information, including statements which constitute forward looking statements within the meaning of the U.S.
More informationInterim financial information for the quarter ended September 30, 2017 and independent auditor s review report on the interim financial information
OI S.A. (Under judicial reorganization) Interim financial information for the quarter ended September 30, 2017 and independent auditor s review report on the interim financial information EO/LGPS/DL/FS/CJ/LCSM
More informationFinancial Report. Translation adjustments 7,666 34,450 (1,631) 3,240 3,860
Ch. 8 Financial Status Condensed Financial Statements for the Past Five Years 1. Balance sheet The Company s condensed balance sheet for the past five years and explanation of significant changes are as
More information3Q FY2017 Presentation Material STOCK CODE : 9436
3Q FY2017 Presentation Material STOCK CODE : 9436 Summary for 3Q of FY ending March 2017 Business results Increased in revenues and income Operating revenues: 46,674million yen Operating profits: 9,805million
More informationResults for Third Quarter October 25, 2002
1 Results for Third Quarter 2002 October 25, 2002 2 Notice The information contained in this document has not been independently verified. No representation or warranty, express or implied, is made as
More informationInterim Report. 1 January March 2006
Interim Report 1 January 2006 31 March 2006 1 Q1 2006 Report President and CEO Veli-Matti Mattila Elisa Q1 2006 Q1 2006 and financial highlights Review of the mobile and fixed network businesses Execution
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview We are the leading provider of mobile communications services in Guatemala, providing communications, data,
More informationTIM Participações S.A., TIM Participações S.A. and Subsidiaries Quarterly Information as at September 30, 2018
(A free translation of the original in Portuguese) TIM Participações S.A., TIM Participações S.A. and Subsidiaries Quarterly Information as at September 30, 2018 Classificado como Uso Interno (A free
More informationFirst Quarter Earnings Release. Megacable Holdings, S.A.B. de C.V.
First Quarter 2012 Earnings Release Megacable Holdings, S.A.B. de C.V. May 2, 2012 Guadalajara, Jalisco, Mexico, May 2, 2012 - Megacable Holdings S.A.B. de C.V. ( Megacable or the Company ) (BMV: MEGA.CPO)
More informationNETIA S.A. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS September 30, 2004
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS REPORT OF INDEPENDENT ACCOUNTANTS To the Supervisory Board and Shareholders of Netia S.A. We have reviewed the accompanying condensed consolidated balance sheet
More information