UOL posts net profit of USD43.6 million in 2006

1 Mar 2007

Brazilian internet services provider (ISP) Universo Online (UOL) recorded net profits of BRL92.5 million (USD43.6 million) in 2006, down from BRL266 million a year earlier, writes BNamericas. While 2005’s net profit was bolstered by a BRL175 million tax credit, in 2006 the company’s bottom lone was negatively impacted by tax expenses of BRL36.3 million, UOL said in a statement. EBITDA in 2006 was BRL136 million, up 34% year-on-year, in a period in which UOL continued to be the market leader in terms of the number of page views per day and time spent online; it reported over 1.4 million pages visited and an average online time of 1 hour and 14 minutes in December. The number of subscribers for its broadband services reached 793,000 in December, up 35% from the same month in 2005.

Brazil, Universo Online (UOL)