GVT reports net profit of USD23.5 million in Q2

19 Jul 2007

Brazilian telecoms operator Global Village Telecom (GVT) reported net profits of BRL43.1 million (USD23.1 million) in the three months to 30 June, reversing a loss of BRL62.2 million in the corresponding period of 2006, writes BNamericas. Group EBTIDA climbed 39.3% year-on-year to BRL82.5 million on the back of a 28.3% in net revenues to BRL234 million, aided by the devaluation of the dollar against the local currency the real, lower debt, and gains from financial investments. The EBITDA margin was 35.3%, compared with 32.5% a year earlier.

GVT said revenue growth from its next generation services (NGS), including ADSL, VoIP and corporate data, climbed a massive 81.3% in the period under review, when compared to 2Q 2006, accounting for 19% of total revenues. The operator connected 64,822 in the three months to June to boost its total to more than one million; ADSL lines reached 185,756, up 95.3% year-on-year.

Brazil, Global Village Telecom (GVT)