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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
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08/14/201418:50:23ADR Shares End Higher; Gol Shares Trade Actively
08/13/201417:35:08ADR Shares End Mixed; Petroleo Brasileiro Shares Trade Actively
08/01/201407:26:03TIM Participacoes Second-Quarter Profit Down on Debt-Service...
06/18/201417:07:21ADR Shares End Higher
06/16/201405:45:05Mediobanca to Withdraw From Telco
04/15/201407:17:56Brazil Telecom Italia Unit Looks Into Selling Telecommunications...
02/18/201410:53:22Correction to Telecom Italia CEO Article
02/18/201410:12:22Telecom Italia CEO: No Discussion About Sale of TIM Brazil
02/14/201409:06:14Brazil Mobile-Phone Company TIM 4Q Profit Rose; Revenue Growth...
01/27/201409:56:36Brazil Mobile Phone Sales Rise Less In December; Vivo Loses Ground
01/10/201417:10:05ADR Shares End Higher: SAP, Infosys Shares Active

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