BRIEF-Pharol Q1 net loss widens to 66 million euros

martes 31 de mayo de 2016 02:24 GYT

May 31 (Reuters) - Pharol SGPS SA :

* Reported on Monday Q1 net loss widens to 65.9 million euros ($73.3 million) versus loss of 43.0 million euros year ago

* Q1 EBITDA loss of 1.5 million versus loss of 4.0 million euros year ago

* Says result is mainly influenced by the effective participation in Oi's net losses of 64.1 million euros and cancellation of 10 percent of the value of a call option on Oi

* Says reduced its operational costs by 63 percent compared to Q1 2015

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($1 = 0.8986 euros) (Gdynia Newsroom)