*DJ Bell Canada Intl 1Q Net C$0.25/Share >BCICF
(MORE) DOW JONES NEWS 04-22-02
08:57 PM
DJ Bell Canada Intl Earns -2: 1Q Financial Table >BCICF
Bell Canada International Inc. - Montreal 1st Quar March 31: All figures in Canadian dollars 2002 2001 Revenues C$136,699,000 C$37,260,000 Inc cont op (66,453,000) a
(141,778,000) Inc dis op 672,921,000 305,025,000 Net income 606,468,000 a 163,247,000 Avg shares 2,438,200,000 79,000,000 Shr earns (basic) Inc cont op n/a a n/a
Inc dis op n/a n/a Net income .25 a 1.98
Figures in parentheses are losses.
a. Includes a C$54.7 million loss on investments. The impact on share results wasn't provided.
Interest on convertible debentures was C$3,233,000 versus C$6,999,000.
The company said that, following the reorganization of Telecom Americas and the adoption of a plan of disposition for Canbras and Genesis, it is now treating Canbras,
Genesis and Axtel as discontinued operations.
It said total subscribers at March 31 were up 25% from normalized subscribers at March 31.
Normalized results reflect, on a pro-forma bass, the same ownership of the company in each of the operating companies of Telecom Americas that actually existed in the
first quarter of 2002.
It said it had a normalized net loss from continuing operations after interest on convertible debentures of C$221 million in the year earlier first quarter on normalized
revenues of C$132 million.
The company said consolidated EBITDA rose to C$41 million in its latest quarter from normalized EBITDA of C$24 million.
Bell Canada International Inc. (BCICF) is a communications company focused on South America.
Company Web Site: bci.ca
-Judy McKinnon, Dow Jones Newswires; 416-306-2100
(END) DOW JONES NEWS 04-23-02
07:26 AM
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