July 20, 2018 / 3:31 AM / 3 months ago

Brazil's TIM Participacoes Q2 net income jumps 53 pct yr/yr

BRASILIA, July 20 (Reuters) - Brazil’s TIM Participacoes SA , a unit of Telecom Italia SpA, missed quarterly profit estimates on Thursday, as the company reported growth from all revenue sources despite the country’s fragile economic recovery.

In a securities filing, the company posted a second-quarter net income of 334.5 million reais ($87.3 million), below a Reuters consensus estimate of 388 million reais, but a 53.2 percent increase compared with the same quarter of 2017.

In postpaid, the results remain positive, but prepaid lines disconnections still negatively affect total net adds.

$1 = 3.8297 reais Reporting by Anthony Boadle; Editing by Sunil Nair

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below