Net Servicos Announces a US$ 175.1 million Net Revenue in 3Q05
09 Novembro 2005 - 9:00AM
PR Newswire (US)
SAO PAULO, Brazil, Nov. 9 /PRNewswire-FirstCall/ -- Net Servicos de
Comunicacao S.A. (Nasdaq: NETC; Bovespa: NETC4 and NETC3; and
Latibex: XNET), the largest Pay-TV multi-service operator in Latin
America, and an important provider of bi-directional broadband
Internet access (Virtua), announced today its 3Q05 financial
results. The following financial and operating information, except
where otherwise stated, is presented in U.S. GAAP on a consolidated
basis. -- Net Revenue totaled US$ 175.1 million in 3Q05, a 46.1%
growth in comparison to US$ 119.9 million recorded in 3Q04. --
Consolidated EBITDA ended the quarter at US$ 45.3 million, a 43.4%
increase in comparison to US$ 31.6 million in 3Q04. EBITDA margin
recorded a slight drop from 26.3% to 25.8%, but still within a
level that can sustain more aggressive sales, which can generate
faster growth than what the Company has showed during the last
quarters. -- The company's Net Debt ended the quarter at US$ 204.2
million, a 14.4% drop in comparison to the net debt recorded by the
end of 3Q04. The net debt to last 12 months EBITDA ratio was 1.19x.
-- Client ARPU was US$ 48.38, up by 39.9% the US$ 34.59 in 3Q04.
The increase in aggregated ARPU is a result of: i) higher
penetration of broadband subscribers in the pay TV base and ii) pay
TV monthly fee readjustments. -- The Company recorded Net income of
US$ 27.4 million in 3Q05, versus a net loss of US$ 7.2 million in
3Q04. The net income in the quarter is mainly due to the prepayment
of the Company's restructured debt, as it had been accounted in
accordance with SFAS 15. Accordingly, the Company recognized the
gains from the restructuring in the amount of US$ 23.6 million.
Conference Call - November 10, 2005 US GAAP (in English): 11:00 am
(Eastern Time) Phone: (+1 973) 409-9260 ID Code: 6620000 or Net
Servicos Brazilian Corporate Law (in Portuguese): 9:30 am (Eastern
Time) Phone: (+55 11) 2101-1490 ID Code: Net Servicos Simultaneous
Webcast (audio): http://www.ir.netservicos.com.br/ Full Release:
http://www.ir.netservicos.com.br/ DATASOURCE: Net Servicos de
Comunicacao S.A. CONTACT: Marcio Minoru, +55-11-2111-2811, , or
Sandro Pina, +55-11-2111-2721, , both of Net Servicos Web site:
http://www.ir.netservicos.com.br/
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