Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.435

+8.7%

Jan 2 9:30 AM EST

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To: jayray who wrote (9677)	11/13/1998 2:13:00 PM
From: Steve Fancy	of 22640

Brazil's Telerj Reports $110.4 Million In Nine-Month Earnings Dow Jones Online News, Friday, November 13, 1998 at 10:28 RIO DE JANEIRO -(Dow Jones)- Telecomunicacoes do Rio de Janeiro SA posted a net profit of 131.5 million reals ($110.4 million) in the first nine months of 1998, the company said late Thursday. Net profit in the third quarter totaled 41.8 million reals, down 33.8% from the 63.1 million reals in the previous quarter. Nine-month operating revenue was 1.53 billion reals; year-ago nine-month and third-quarter revenue figures weren't available. Telerj is part of Tele Norte Leste Participacoes SA (TNE), one of the three fixed wireline units of former federal holding company Telebras (TBR), privatized on July 29 this year. -By Jamie McGeever (5521) 580-9394; jmcgeever@ap.org Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.

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