• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

GVT Reports Record Second-Quarter Revenue, EBITDA, Net Income and Subscribers Growth

Posted on: Tuesday, 15 July 2008, 00:00 CDT

CURITIBA, Brazil, July 14 /PRNewswire-FirstCall/ -- GVT (Holding) S.A. (Bovespa: GVTT3, Reuters: GVTT3.SA and Bloomberg GVTT3:BZ), a leading facilities-based telecommunications and Internet solutions provider company in Brazil, announces today its results for the second quarter of 2008 (2Q08). The following information is consolidated in Brazilian Reais (R$).

PERIOD HIGHLIGHTS

Net Revenue grew by 35.5%, compared to 2Q07, reaching a total of R$317.0 million.

Revenue from core business (services based on GVT's lines in service) grew by 41.3%, reaching a total of R$286.7 million;

Net revenue from Next Generation Services (NGS) grew by 95.5% reaching R$86.9 million, which represents 27.4% of total 2Q08 net revenue. Revenue from broadband grew by 81.4%, which represents 16.3% of total 2Q08 net revenue;

EBITDA grew by 44.0%, reaching a total of R$118.8 million for 2Q08 compared to R$82.5 million in 2Q07;

EBITDA margin reached 37.5% compared to 35.3% in 2Q07, a growth of 2.2 p.p., due to increase of 1.1 p.p. in gross income margin and a reduction of 1.1. p.p. in SG&A expenses;

Net Income increased by R$15.1 million, an increase of 35.0% compared to 2Q07, and reached R$58.2 million;

Lines net additions reached a total of 165,847 lines in 2Q08, a growth of 155.8% compared to 2Q07, and 28.8% compared to 1Q08.

Capital Expenditure (CapEx) reached R$164.7 million in 2Q08, an increase of 69.6% compared to 2Q07 and 11.9% compared to 1Q08. Total local accesses deployed in the quarter were 129,670 compared to 62,990 in 2Q07 and 131,960 in 1Q08.

In May 2008, GVT has expanded its operations to Contagem (State of Minas Gerais), a city with a population of close to 700,000 inhabitants.

Conference Calls - Tuesday, July 15, 2008 English Time: 12:00 PM (Brazil) / 11:00 AM (US-ET) / 4:00 PM (London) Phone: +1 (973) 935-8893 Replay: +1 (706) 645-9291 Code: 51587023 Webcast: http://www.gvt.com.br/ir Portuguese Time: 2:30 PM (Brazil) / 1:30 PM (US-ET) / 6:30 PM (London) Phone: +55 (11) 2188-0188 Replay: +55 (11) 2188-0188 Webcast: http://www.gvt.com.br/ri

GVT (Holding) S.A.

CONTACT: IR Contact, Rosangela Sutil de Oliveira, Investor RelationsManager, +55 (41) 3025-9900, ir@gvt.com.br, for GVT (Holding) S.A.

Web site: http://www.gvt.com.br/irhttp://www.gvt.com.br/ri

Source: PRNewswire-FirstCall

More News in this Category