TPI posts US$6.84mn profit in 4Q09

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Privatization News - Tuesday, March 9, 2010

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Free Content of the day

* TPI posts US$6.84mn profit in 4Q09 - Brazil

Brazilian infrastructure firm Triunfo Participações e Investimentos (TPI) (Bovespa: TPIS3) reported a 12.2mn-real (US$6.84mn) net profit for the fourth quarter of 2009, compared to the 42.1mn-real loss posted in 4Q08.

In the same period, net revenues rose 29.2% year-over-year to 110mn reais from 85mn reais, and Ebitda increased 23.9% to 66.6mn reais from 53.7mn reais.

Growth was driven by the increase in revenue posted by Navegantes port (in Santa Catarina state) operator Portonave, a hike in ... more
http://www.bnamericas.com/news/privatization/TPI_posts_US*6,84mn_profit_in_4Q09/177637612

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