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General

TIM Brasil net profit jumps on merger gain, revenues up 4.4%

Wednesday 7 November 2018 | 14:22 CET | News
TIM Brasil reported a net profit of BRL 1.3 billion in the third quarter of 2018, up 379.3 percent from the same period last year, resulting from a tax credit of BRL 950 million related to the merger with its subsidiary TIM Celular. Without this extraordinary event, the profit would have grown 38.9 percent to BRL 388 million. Net revenue in the period increased 4.4 percent to BRL 4.3 billion, while operating expenses grew 1.8 percent to BRL 2.6 billion. 

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Categories: General
Companies: TIM Brasil
Countries: Brazil
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