Embratel announces spike in 4Q09 profits

15 Feb 2010

Brazilian fixed line telco Embratel Participacoes posted net profits of BRL327 million (USD175 million) in the three months ended 31 December 2009, up a massive 181% on the corresponding year-earlier period, on revenues that rose 7.2% to BRL2.77 billion. In an earnings statement, Embratel reported that quarterly EBITDA reached BRL762 million, up 20.8% year-on-year, helping increase EBITDA margin to 27.5%. In FY2009 Embratel’s net income reached BRL1.29 billion, up 111% y-o-y on annual revenues that rose 8.4% y-o-y to BRL10.6 billion.