Algar Telecom grows FY revenue 5.2%

Tuesday 14 February 2017 | 17:27 CET | News
Brazilian regional operator Algar Telecom ended 2016 with a gross revenue of BRL 3.31 billion, or 7.2 percent more than in the previous year, with the telecom segment accounting for BRL 2.41 billlion (+8.2%). Net revenue was up 5.2 percent to BRL 2.54 billion, EBITDA increased 10.6 percent to BRL 710.0 million, and the EBITDA margin was 28 percent. EBIT improved 11.0 percent to BRL 392.4 million, and net profit grew 19.5 percent to BRL 183.6 million. At the end of 2016, there were 3.5 million RGUs in the telecom segment, up 8.4 percent from a year earlier, of which 1.63 million in fixed

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Categories: General
Companies: Algar Telecom
Countries: Brazil
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