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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.065

-2.3%

3:59 PM EST

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To: Steve Fancy who wrote (1324)	3/26/1998 12:00:00 PM
From: Steve Fancy	Read Replies (1) of 22640

TABLE-Brazil's Embratel Jan net 42.25 mln reais Reuters, Thursday, March 26, 1998 at 10:49 BRASILIA, March 26 (Reuters) - Brazil's federal long-distance telephone monopoly Embratel, which is slated to be privatized later this year, released on Thursday the following January financial results. 1997 Net Profit 42.25 mln Oper Profit 60.9 mln Pre-Tax Profit 53.4 mln Net Revs 181.2 mln Oper Revs 229.1 mln Net Worth 5.552 bln NOTE: Figures in non-inflation-adjusted Brazilian reais. No comparative figures for January 1997 were given. Embratel is a unit of Brazilian federal holding Telebras (SAO:TEL_.P), which is due to be broken up and sold off in mid-1998. james.craig@reuters.com)) Copyright 1998, Reuters News Service

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