Tele Centro Oeste Celular Participacoes S.A. Announces 1Q04 Results
April 27 2004 - 1:00PM
PR Newswire (US)
Tele Centro Oeste Celular Participacoes S.A. Announces 1Q04 Results
BRASILIA, Brazil, April 26 /PRNewswire/ -- Tele Centro Oeste
Celular Participacoes S.A. (Bovespa: TCOC3 (ON)/TCOC4 (PN)), which
operates in the Federal District and eleven Brazilian states (Acre,
Amazonas, Amapa, Goias, Maranhao, Mato Grosso, Mato Grosso do Sul,
Para, Rondonia, Roraima, and Tocantins) today announces its
consolidated results for the first quarter of 2004. The complete
text of this announcement can be found on the Company's Web site at
http://www.vivo.com.br/ri. Some highlights: Tele Centro Oeste
Celular Brazilian reals (millions) 1Q04 4Q03 % Change 1Q03 % Change
Net operating income 462.6 552.5 (16.3%) 413.1 12.0% Net income
from services 404.4 435.0 (7.0%) 375.7 7.6% Net income from sale of
goods 58.2 117.5 (50.5%) 37.4 55.6% Total operating costs (268.5)
(381.3) (29.6%) (250.9) 7.0% EBITDA 194.1 171.2 13.4% 162.2 19.7%
EBITDA margin(%) 42.0% 31.0% 11.0 pts. 39.3% 2.7 pts. Depreciation
and amortization (51.8) (43.5) 19.1% (47.0) 10.2% EBIT 142.3 127.7
11.4% 115.2 23.5% Net profit 99.6 137.1 (27.4%) 92.2 8.0% Total
Subscribers (thousands) 4,452 4,112 8.3% 3,178 40.1% Post-paid 954
950 0.4% 860 10.9% Pre-paid 3,498 3,163 10.6% 2,318 50.9% Market
share * 55.7% 55.4% 0.3 pts. 58.9% (3.2 pts.) Net new Subscribers
(thousands) 340 519 (34.5%) 112 203.6% Post-paid 4 34 (88.2%) - -
Pre-paid 336 485 (30.7%) 112 200.0% Market share, net new
subscribers (%)* 59.8% 49.7% 10.1 pts. 47.1% 12.7 pts. Source:
ANATEL * TCO closed 1Q04 with 4.452 million customers, an increase
of 40.1% and 8.3% over 1Q03 and 4Q03, respectively. Intense
activity in this sector was reflected by a net addition of 340,000
new users in 1Q04, compared with 112,000 in 1Q03. The base of
post-paid TCO customers grew 10.9%, and the pre- paid customer base
grew 50.9%, from 1Q03. * Net profit of R$ 99.6 million in 1Q04,
8.0% higher than net profit from 1Q03. EBITDA grew 19.7% in the
quarter, representing an EBITDA margin of 42.0%, an increase of
2.7% over 1Q03, despite increased business activity. * Operating
cash flows of R$ 152.3 million in 1Q04, an increase of 16.1% over
1Q03, demonstrate that the Company possesses sufficient operational
cash flow generation to sustain its investments. * Revenues from
data services are growing strongly, increasing 123.7%, over 1Q03,
and representing 4.1% of net income from services in 1Q04 (2.0% in
1Q03). * Productivity growth in 1Q04 of 51.8% and 11.2% over 1Q03
and 4Q03, respectively. DATASOURCE: Telesp Celular Participacoes
S.A. CONTACT: Arthur A. Magalhaes Fonseca, Telesp Celular
Participacoes, +011-55-11-5105-182, or Web site:
http://www.vivo.com.br/ri
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