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Wireless

TIM Brasil improves EBITDA margin to nearly 43% as revenues rise 3%

Wednesday 12 February 2020 | 12:18 CET | News
TIM Brasil recorded a net profit of BRL 756 million in the fourth quarter of 2019, up 19.6 percent year-on-year. For the full year, profit grew 47.9 percent to BRL 3.76 billion. Quarterly EBITDA rose 8 percent to BRL 1.96 billion, and the EBITDA margin grew from 40.8 percent to 42.9 percent in one year.

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Categories: Mobile & Wireless
Companies: TIM Brasil
Countries: Brazil
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