Reuters logo
3 months ago
Brazil's Oi reports smaller quarterly loss as debt costs fall
May 10, 2017 / 9:21 PM / 3 months ago

Brazil's Oi reports smaller quarterly loss as debt costs fall

SAO PAULO, May 10 (Reuters) - Brazilian phone carrier Oi SA posted a first-quarter net loss just one tenth the size of a year earlier on Wednesday, as falling interest rates and a stronger local currency eased the cost of its hefty debt load.

Oi lost a net 200 million reais ($63 million) in the quarter, down sharply from a loss of 1.815 billion reais a year ago, according to a securities filing.

$1 = 3.17 reais Reporting by Brad Haynes; Editing by Chris Reese

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below