* Net income in quarter was $233.2 million
* Net sales rose 6.7 percent to 5.03 bln reais
* EBITDA was steady at 28 pct of net sales
(Adds additional results, share price.)
RIO DE JANEIRO, Feb 5 TIM Participações SA
, Brazil's second-largest wireless phone company, said
on Tuesday that fourth-quarter net profit rose 16.3 percent
compared with a year earlier as sales of services and products
rose and financial costs fell.
The Brazilian unit of Telecom Italia SpA said in a
securities filing that fourth-quarter net profit rose to 462.6
million reais ($233.2 million) from 397.8 million reais a year
earlier, narrowly missing the average estimate of 476 million
reais in a Reuters survey of seven analysts.
Net sales, or sales minus sales taxes, rose 6.7 percent to
5.03 billion reais in the three months ending Dec. 31 compared
with the year-earlier period, the smallest increase in nearly
two years, though it was in line with expectations.
Earnings before interest, taxes, depreciation and
amortization (EBITDA) rose 8.2 percent to 1.43 billion reais,
beating the average analyst expectation of 1.37 billion reais
expected in the Reuters survey.
EBITDA is a measure of a company's ability to generate cash
and profit from operations.
The ratio of EBITDA to net sales remained steady at 28
TIM Participacoes shares rose 0.23 percent to 8.75 reais in
Sao Paulo on Tuesday before the results were announced.
($1 = 1.9841 Brazilian reais)
(Reporting by Jeb Blount and Sergio Spagnuolo and Brad Haynes
in Sao Paulo.; Writing by Jeb Blount; Editing by Gary Hill and