Algar Telecom Q4 profit rises 165% to BRL 44 million

Friday 5 March 2021 | 13:36 CET | News
Brazilian regional operator Algar Telecom ended the fourth quarter of 2020 with a 165 percent annual rise in net profit to BRL 44 million. Net revenue increased 6.3 percent to BRL 601.6 million, of which BRL 372.6 million was from B2B (+11.6%) and BRL 229 million from B2C (-1.3%). EBITDA grew 40.1 percent to BRL 266.1 million, while investments dropped 27.7 percent to BRL 135.6 million.

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Categories: General
Companies: Algar Telecom
Countries: Brazil
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