Claro Brasil EBITDA up 23% on tax lawsuit win, revenues grow 1%

Wednesday 17 October 2018 | 11:17 CET | News
Claro Brasil reported third-quarter EBITDA up 22.9 percent to BRL 3.1 billion, helped by the release of provisions after winning a lawsuit over tax liability. The company said this was offset by writedowns on certain assets and other provisions, leading to an adjusted EBITDA margin of 29.3 percent. Total revenues, including Net and Embratel, rose 0.9 percent to BRL 8.9 billion, and service revenues increased at the same rate. 

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Categories: General
Companies: Claro Brasil / Embratel
Countries: Brazil
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