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General

Claro Brasil ends Q3 with BRL 432 mln loss

Friday 28 October 2016 | 09:12 CET | News
Claro Telecom Participacoes, the holding that groups America Movil's Brazilian operators Claro, Embratel and Net Servicos, ended the third quarter of 2016 with a net loss of BRL 431.7 million. However, this figure is 62 percent lower than the loss from the same period in 2015 of BRL 1.14 billion. Revenue dipped 2.6 percent to BRL 8.19 billion, and EBITDA was down 5.5 percent to BRL 2.37 billion, leading to a drop in the EBITDA margin to 29.0 percent from 29.8 in Q3 2015. EBIT amounted to BRL 402 million, a drop of 38.1 percent. America Movil said service revenues improved 0.2 percent annually

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Categories: General
Companies: America Movil / Claro / Embratel / Net Servicos
Countries: Brazil
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