Business Services Industry
Brazil: Embratel shows R$150mil Q1 profits.
South American Business Information, April, 2000
Embratel long distance calls operator posted a profit of R$150mil in the first quarter (Jan-Mar) of 2000. In 1999, the company had a loss of R$69mil in the same period, mainly due to the monetary devaluation. The incomes with data communications increased 57.4%, to R$413mil, and with long distance calls, 31.4%, to R$1.3bil. The income with international calls increased 2.6%, to R$254mil. Embratel operates about 60% of thenational data transfer. This year (2000), the company will invest R$1.3bil in expansion and data communications.
Copyright (c) 2000, SABI, all rights reserved.
Source: O Estado de Sao Paulo Page: b6 Date: April 26, 2000 Country: Brazil Product: Telecommunications Company: Embratel Event: Quarterly Reports SABI (South American...
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