Convergencialatina
Informe de Banda Ancha en Argentina 2019-2024
Wednesday, November 06, 2019

In third quarter TIM's earnings grew 61.4%

During the third quarter, TIM's earnings amounted to a total of US$155 million, which means a growth of 61.4% compared to the same period last year, and without taking into account a series of issues such as tax credits obtained from late last year.

The company's revenues in that period amounted to US$1.086 billion, up 2.3% from the same quarter of 2018. Mobile service revenues totaled US$981 million (+2.8%), those of products, US$46.3 million (-12.2%) and fixed services had revenues of US$58.3 million (+7.3%).

EBITDA in the third quarter amounted to US$430.2 million, up 6.8%, while the EBITDA margin stood at 39.6%, with an increase of 1.7 percentage points. Investments in the third quarter were US$231.4 million, with an increase of 6.7%.

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