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SAO PAULO, Brazil, Feb. 2 /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 4Q05 financial results. The following financial and operating information, except where otherwise stated, is presented in U.S. GAAP on a consolidated basis.
-- Net Revenue totaled US$ 192.4 million in the quarter, a 54.0% increase
in comparison to US$124.9 million in 4Q04.
-- The Company recorded Consolidated EBITDA of US$ 49.5 million in the
quarter, 38.9% higher than the US$ 35.6 million recorded in 4Q04. In
2005, Consolidated EBITDA reached US$ 185.7 million, a 45.6% jump in
comparison to the US$ 127.5 million recorded in 2004. This growth in
EBITDA is a result of the organic growth recorded in both, pay-TV and
broadband bases, which is being accomplished without losing focus on
profitability.
-- The Company's Net Debt ended the quarter at US$ 187.3 million, a 18.7%
drop in comparison to US$ 230.4 million net debt recorded in 4Q04. The
net debt to EBITDA ratio at the end of the year was 1.0x.
-- Client ARPU went from US$ 37.17 in 4Q04 to US$ 52.16 in this quarter, a
40.3% increase.
-- The Company recorded Net Loss of US$ 2.1 million this last quarter of
2005, versus a US$ 49.0 million a net loss recorded in the same period
of the previous year. The improvement in the Company's operating
income, measured by EBIT, together with the improvement in the
Company's capital structure had an important contribution to this
result and its solidity will be the base for the continuity of positive
results in the future.
Conference Call -- February 6, 2006
US GAAP (in English):
1:30 pm (Eastern Time) Phone: (+1 973) 409-9260
ID Code: Net Servicos
Brazilian Corporate Law (in Portuguese):
2:30 pm (Eastern Time) Phone: (+55 11) 2101-1490
ID Code: Net Servicos
Simultaneous Webcast (audio): http://www.ir.netservicos.com.br/
Full Release: http://www.ir.netservicos.com.br/
First Call Analyst:
FCMN Contact: renata.mattos@mz-ir.com
DATASOURCE: Net Servicos de Comunicacao S.A.
CONTACT: Investor Relations: Marcio Minoru, +5511-2111-2811,
, or Sandro Pina, +5511-2111-2721,
, both of Net Servicos
Web site: http://www.ir.netservicos.com.br/