Net Servicos reports Q3 loss

10 Nov 2005

Brazilian cable TV and broadband operator Net Servicos de Comunicacao has posted a loss of BRL20.6 million (USD9.4 million) for the third quarter of 2005, a dramatic reversal from the net income of BRL1.21 million recorded a year earlier. EBITDA rose 12.6% to BRL107 million at the same date, while operating costs grew 3% to BRL206 million.