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General

Algar Telecom Q1 net profit rises 30% to BRL 58 million

Friday 14 May 2021 | 15:00 CET | News
Algar Telecom recorded an annual increase of 29.5 percent in net profit in the first quarter of 2021 to BRL 58.3 million, due to improved results in the B2B segment and efficiency gains. Net revenue was up 3.5 percent to BRL 594.7 million, while EBITDA grew 15.4 percent to BRL 270 million. Net debt dropped from BRL 2.36 billion in Q4 2020 to BRL 2.2 billion in Q1 2021.

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Categories: General
Companies: Algar Telecom
Countries: Brazil
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