Net Servicos Announces 1Q05 Financial Results

Net Servicos Announces 1Q05 Financial Results 


SAO PAULO, Brazil, May 3  /PRNewswire-FirstCall/ -- Net Servicos de Comunicacao
S.A. (Nasdaq: NETC; Bovespa: NETC4 and NETC3; and Latibex: XNET), the largest
Pay-TV multi-service operator in Latin America, and an important provider of
bi-directional broadband Internet access (Virtua), announced today its 1Q05
financial results. The following financial and operating information, except
where otherwise stated, is presented in U.S. GAAP on a consolidated basis.

  *  Net Revenues reached US$ 137.6 million, a 24.2% growth versus the US$
     110.8 million recorded in 1Q04, showing that the organic growth is
     resulting in steady revenue growth for the Company.
  *  The Company recorded quarterly consolidated EBITDA of US$ 43.8 million,
     a 40.0% increase in comparison to the same period of 2004.
  *  Operating Income (EBIT) grew by 71.7%, from US$ 17.3 million in 1Q04 to
     US$ 29.7 million this quarter.
  *  Consolidated Net Debt by the end of the quarter was US$ 340.5 million,
     a 30.0% increase in comparison to the US$ 261.9 million net debt
     recorded by the end of the first quarter of 2004.
  *  The Company's Net loss was of US$ 6.5 million, an upturn in comparison
     to the US$ 15.0 million net loss recorded in the same period of the
     previous year.

  Conference Call -- May 4 (Wednesday)
  US GAAP (in English): 9:00 am (US Eastern Time)
  Phone: [phone]
  Code: 6029067 or Net Servicos

  Corporate Law (in Portuguese): 10:30 am (US Eastern Time)
  Phone: [phone]
  Code: Net Servicos

  Simultaneous Webcast (audio): http://www.ir.netservicos.com.br/

  Full Release: http://www.ir.netservicos.com.br/



For additional information, please contact Net Servicos Investor Relations:
Marcio Minoru (phone [phone] or e-mail: ) and Sandro Pina (phone
(5511) 2111-2721 or e-mail: ) 

DATASOURCE: Net Servicos de Comunicacao S.A.



CONTACT:  Investor Relations: Marcio Minoru, [phone],

, Sandro Pina, [phone],

, both of Net Servicos de Comunicacao S.A. 



Web Site:  http://www.mz-ir.com/

http://www.ir.netservicos.com.br/ 

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