RIO DE JANEIRO, BRAZIL - Oi posted a R$3.5 billion (US$650 million) consolidated net loss in the first quarter. The result is 43.9% lower than the R$6.3 billion loss in the same period in 2020. However, when compared to the fourth quarter, when the company posted profits of R$1.8 billion, performance deteriorated.
Net revenue fell 6.2% year-on-year and closed March at R$4.4 billion. A figure that should displease analysts is the strong deterioration of the so-called routine EBITDA, which fell 25.7% on the same basis, from . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here