Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.730

-1.3%

Dec 9 3:59 PM EST

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To: Steve Fancy who wrote (1040)	2/17/1998 1:56:00 PM
From: Steve Fancy	of 22640

TABLE-Brazil's Embratel net rises in 1997 Reuters, Tuesday, February 17, 1998 at 05:56 SAO PAULO, Feb 17 (Reuters) - Brazil's Embratel, the long-distance subsidiary of federal telecommunications holding company Telebras (SAO:TEL_.P), released the following 1997 financial results. 1997 1996 Net 508.16 mln 406.2 mln Shr Net 107.57 reais 85.99 reais Net Revs 2.164 bln 1.894 bln Gross Revs 2.679 bln 2.382 bln Gross Profit 1.259 bln 885.6 mln Oper Profit 538.6 mln 521.7 mln Pre-Tax Profit 389.3 mln 446.2 mln Net Worth 5.503 bln 5.233 bln NOTE; All figures in Brazilian reais and not adjusted for inflation. Share net is per lot of 1,000 shares. The Brazilian government plans to privatize the federal Telebras system including Embratel, in June or July. james.craig@reuters.com)) Copyright 1998, Reuters News Service

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