Brazils Oi operator posts US$650 million loss in 1st quarter, down 43.9%
RIO DE JANEIRO, BRAZIL - Oi (OIBR3) posted a R$3.5 billion (US$650 million) consolidated net loss in the first quarter. The result is 43.9% lower than the R$6.3 billion loss in the same period in 2020. However, when compared to the fourth quarter, when the company posted profits of R$1.8 billion, performance deteriorated. Net revenue [] The post Brazils Oi operator posts US$650 million loss in 1st quarter, down 43.9% appeared first on The Rio Times .
Brazils Oi operator posts US$650 million loss in 1st quarter, down 43.9%
RIO DE JANEIRO, BRAZIL - Oi (OIBR3) posted a R$3.5 billion (US$650 million) consolidated net loss in the first quarter. The result is 43.9% lower than the R$6.3 billion loss in the same period in 2020. However, when compared to the fourth quarter, when the company posted profits of R$1.8 billion, performance deteriorated. Net revenue [] The post Brazils Oi operator posts US$650 million loss in 1st quarter, down 43.9% appeared first on The Rio Times .