Brazil's Oi posts slim profit, defies expectations of net loss

jueves 13 de noviembre de 2014 07:14 GYT
 

SAO PAULO Nov 13 (Reuters) - Brazilian telecom Oi SA said on Thursday that third-quarter profit fell 96 percent from a year earlier to 8 million reais ($3 million), according to a securities filing.

The narrow profit beat all estimates in a Reuters poll of analysts, who forecast an average net loss of 254 million reais in the quarter. Net income including non-controlling interests was 5 million reais.

Earnings before interest, taxes, depreciation and amortization rose 41 percent from a year ago to 3.003 billion reais, well above the average forecast of 1.896 billion reais.

($1 = 2.566 Brazilian reais) (Reporting by Brad Haynes; Editing by Toby Chopra)