In the first six months of the year, the Brazilian subsidiary of Telecom Italia recorded an increase in profit of 6,7% on an annual basis – Revenues are flying, +22,2% to 1,58 billion reais.
The first half of Tim Brasil is on file, which closed with a profit growing by 6,7% on an annual basis to 737,7 million reais. In the first quarter alone, profit had grown by 22%.
In the second quarter, the Brazilian subsidiary of Telecom Italia recorded an EBITDA of 1,33 billion (+8%) with an EBITDA margin of 27,9%. Quarterly revenues stood at 1,58 billion reais, up 22,2 percent.
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