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General

TIM Brasil improves EBITDA slightly on revenues down 6.5% in Q2

Thursday 30 July 2020 | 10:25 CET | News
TIM Brasil closed the second quarter of 2020 with a net profit of BRL 260 million, a decrease of 23.9 percent compared to the same period of 2019 due to the pandemic, but cost cuts partially dampened the blow. EBITDA rose 0.9 percent to BRL 1.97 billion, with an EBITDA margin of 49.6 percent (+3.6%). Net operating revenues fell 6.5 percent to BRL 3.98 billion, with mobile service revenue down 4.2 percent to BRL 3.67 billion and fixed service revenue up 10.8 percent to BRL 255 million. 

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Categories: General
Companies: TIM Brasil
Countries: Brazil
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