Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.470

-9.2%

3:58 PM EST

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To: Steve Fancy who wrote (610)	12/27/1997 10:02:00 AM
From: DMaA	Read Replies (2) of 22640

This was in the WSJ Date line Dec 26, 1997. Looks like the same bank you're talking about and it ( reportedly ) was profitable the first half of this year. >>Is it possible that the Brazilian bank in question went bankrupt? << Dow Jones Newswires -- December 26, 1997 Brazil Banespa 1H 1997 Net Profits 939.7 Mln Reals AP-Dow Jones News Service Banco do Estado de Sao Paulo SA - Sao Paulo, Brazil Results from 1993 to 1H 1997 ending June 30. All figures in Brazilian reals. Figures in parenthesis denote loss. 1H 1997* 1996* 1995* Operating profit 1.59 bln 1.68 bln 75.7 mln Net profit 939.7 mln 1.27 bln (44.2) mln Net worth 3.29 bln 2.39 bln 1.4 bln 1994 1993 Operating profit 42 mln 518.9 mln Net profit (418.9) mln 254.4 mln Net worth 1.41 bln 1.52 bln figures according to legislation on corporate results. *figures adjusted by federal reference index to allow for year-on-year comparisons. -By Mara Lemos; +55-11-813-1988; mlemos@ap.org

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