Algar Telecom sees 5% growth in Q2 revenue

Friday 12 August 2016 | 12:43 CET | News
Brazilian regional operator Algar Telecom ended the second quarter of 2016 with gross revenues of BRL 813.4 million, up 8.1 percent on the same period in 2015. The telecom segment saw 8.4 percent growth to BRL 590.1 million, while the ICT segment had a turnover of BRL 223.3 million, up 7.2 percent. Net revenue increased 4.8 percent to BRL 624.4 million. EBITDA was up 11.4 percent to BRL 177.1 million, with the EBITDA margin at 28 percent. EBIT rose 11.2 percent to BRL 97.2 million, giving a margin of 16 percent. Net profit was 20.4 percent higher, at BRL 41.3 million. Capex in the period

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Categories: General
Companies: Algar Telecom
Countries: Brazil
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