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TIM Participacoes 2Q Net Profit BRL349.9 Million Vs BRL125.9 Million

SAO PAULO -(Dow Jones)- Brazilian mobile phone company TIM Participacoes SA (TSU, TCSL4.BR) said its net profit more than doubled in the second-quarter as revenue increased and costs with amortization and depreciation fell in the period. The Brazilian unit of Telecom Italia SpA (TI, TIT.MI) late Tuesday reported second-quarter net profit of 349.9 million Brazilian reais ($223 million), up from BRL125.9 million a year earlier. The company's net revenue rose to BRL4.25 billion from BRL3.5 billion a year earlier. TIM's costs with amortization and depreciation fell to BRL608.8 million from BRL771.4 million in the year earlier period. TIM said earnings before interest, taxes, depreciation and amortization, or Ebitda, rose 12.7% to BRL1.13 billion. TIM ended the period as Brazil's third-largest mobile phone operator with 55.5 million clients, up 25% from the year-earlier period. The company invested BRL719 million in its operations in the second-quarter, up 38.2% from the same period of 2010. -By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com

Stock News for Tim Participacoes (TSU)
DateTimeHeadline
09/15/201606:06:54Report of Foreign Issuer (6-k)
09/09/201606:06:57Report of Foreign Issuer (6-k)
09/05/201622:20:00Brazil's Oi Files Recovery Plan to Exit Bankruptcy Protection
09/02/201608:59:05Report of Foreign Issuer (6-k)
09/02/201608:55:29Report of Foreign Issuer (6-k)
08/10/201606:05:35Report of Foreign Issuer (6-k)
07/28/201617:31:48Report of Foreign Issuer (6-k)
07/26/201618:05:00ADRs End Higher; Telecom Italia, Tim Participacoes Rise
07/26/201608:09:06Report of Foreign Issuer (6-k)
07/26/201607:52:42Report of Foreign Issuer (6-k)
07/26/201607:40:23Report of Foreign Issuer (6-k)
07/26/201606:49:00Brazil's TIM Participacoes 2Q Profit Drops as Revenue Declinesc
07/26/201606:04:18Report of Foreign Issuer (6-k)
07/26/201606:04:17Report of Foreign Issuer (6-k)
07/15/201606:04:56Report of Foreign Issuer (6-k)
07/08/201606:05:28Report of Foreign Issuer (6-k)
06/22/201617:30:00Brazil's Oi Seeks Bankruptcy Protection in the U.S.
06/10/201617:19:54Report of Foreign Issuer (6-k)
06/10/201606:05:13Report of Foreign Issuer (6-k)
06/10/201606:04:41Report of Foreign Issuer (6-k)

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