13 de noviembre de 2014 / 10:54 / hace 3 años

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

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

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