TIM Brasil posts 67 percent fall in Q2 net profit

摘要

Brazil's fourth-largest wireless operator by subscribers TIM Participacoes (TIM Brasil) has reported a 67 percent slump in second-quarter profit, attributed to the impact of foreign exchange losses. The cellco's net profits for the period fell to BRL101.39 million (US$58 million) in the April-June period, down from BRL312.98 million in the second quarter of 2009, TIM Brasil said in a securities filing. The operator's pro forma results include the contribution of long-distance and data services provider Intelig, which was fully consolidated in December 2009.