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Telecomunicacoes de Sao Paulo S.A. (VIV)
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TSP » Topics » Financial Result:

This excerpt taken from the TSP 6-K filed Nov 12, 2009.
Financial Result: by the end of the period on September 30, 2009 reached -R$143.4 million, improving R$40.6 million or 22.1% when compared to the same period of 2008, mainly due to higher financial investments revenue, related to a higher average balance invested this year. In the 3Q09, the financial result reached -R$56.2 million, a decrease of R$14.8 million when compared to the previous quarter, mainly due to lower revenues with financial investment, been impacted by a lower average balance invested in the quarter (mainly due to the payment of dividends and interest on own capital as of June 17, 2009) and also due to the CDI decrease.

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ADDITIONAL NOTES

This excerpt taken from the TSP 6-K filed Jul 29, 2009.
Financial Result: in the 6M09 reached -R$87.2 million, improving R$35.2 million or 28.8% when compared to the same period of 2008, excluding the Interest on Own Capital effect, mainly due to higher financial investments revenues. In the 2Q09, the financial result reached –R$41.4 million, improving 9.4% or R$4.3 million when compared to the previous quarter mainly due lower interest costs, partly impacted by the CDI decrease.

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ADDITIONAL NOTES

EXCERPTS ON THIS PAGE:

6-K
Nov 12, 2009
6-K
Jul 29, 2009

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