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TSU TIM Participacoes SA New

12.28
0.00 (0.00%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
TIM Participacoes SA New NYSE:TSU NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 12.28 0 01:00:00

TIM Participacoes S.A. Announces its Consolidated Results for Third Quarter Of 2005

28/10/2005 9:07am

PR Newswire (US)


TIM Participacoes (NYSE:TSU)
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RIO DE JANEIRO, Brazil, Oct. 28 /PRNewswire-FirstCall/ -- TIM Participacoes S.A. (NYSE: TSU; BOVESPA: TCLS3 and TCLS4), TIM Sul S.A. and TIM Nordeste Telecomunicacoes S.A. holding company announces the results of the third quarter of 2005 (3Q05). TIM Participacoes S.A. provides mobile telecommunication services through its mobile operators in the states of Parana, Santa Catarina, Piaui, Ceara, Rio Grande do Norte, Paraiba, Pernambuco, Alagoas and in the city of Pelotas (RS). Highlights -- TIM wins Top of Mind 2005 Awards for mobile services, a further proof of the strong appeal of our offering. -- The client base reached 6,943 thousand clients at the end of September 2005, up by 34.5% over the last twelve months. In the 3Q05, 58% of the Company's customers used GSM technology. -- Growth of 9.0% in the postpaid client base when compared to 3Q04, representing 21% of the total lines at the end of the third quarter of 2005. -- Net Service Revenue totaled R$613.9 million, a 13.9% growth over 3Q04. -- Gross VAS (Value-added Service) revenue was R$50.0 million in the quarter, up 64.7% over the same period of the previous year. -- Tight cost control: 22.4% reduction YoY and a 11.8% decrease QoQ in the subscribers acquisition cost (SAC). -- EBITDA reached R$255.2 million in 3Q05, up 9.4% when compared to 3Q04, while the EBITDA margin was 34.7%. -- EBIT totaled R$ 122.3 million in the quarter, which represents a 16.6% EBIT margin. -- Net Income totaled R$96.8 million, or up 38.5% over 3Q04, which represents a net margin of 13.1% For the full release, please access the Company's website: http://www.timpartri.com.br/ . 3Q05 Earnings Conference Call and Investors' Meeting International Conference Call: October 28, 2005, at 12:00 p.m. Brasilia Time (10:00 a.m. US ET). NY Presentation: Brazil Day 2005 on November 14, 2005 DATASOURCE: TIM Participacoes S.A. CONTACT: Paulo Roberto C. Cozza, CFO and Investor Relations Officer, +55-21-4009-3742, , or Joana Serafim ,IR Manager, +55-21-4009-3742/8113-0571, , or Leonardo Wanderley, IR Analyst, +55-21-4009-3751/8113-0547, , or Cristiano Pereira, IR Analyst,+55-21-4009-3751/8113-0582, , all of TIM Participacoes S.A. Web site: http://www.timpartri.com.br/

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