This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TSU Earnings Grow On Client-Base Growth

Stocks in this article: TSU

Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener.

Tim Participacoes SA (TSU - Get Report) reported on February 27, 2009 that its Q4 FY08 earnings spiked 65.8%, helped by steady client-base growth. Net profit increased to Brazilian Reais (R$) 299.62 million from R$180.73 million in Q4 FY07. The most recent consensus estimate was $0.05 per share.

Q4 FY08 net revenue grew 5.0% to R$3.54 billion from R$3.38 billion on growth in subscriber base and value-added services (VAS) revenue. Services revenue, accounting for 90.9% of net revenue, increased 4.0% to R$3.22 billion from R$3.10 billion. Handset revenue surged 16.5% to R$321.40 million from R$275.82 million due to a 14.0% increase in handset volumes and improved portfolio mix. Total subscriber base improved 24.5% to 150.60 million from 121.00 million. Market share declined 24.2% from 25.8% a year ago. Average revenue per user (ARPU) declined to R$29.90 from R$34.50 in the previous year's quarter, despite an increase in prepaid lines. Minutes of usage (MOU) declined to 86 from 106 and quarterly churn rate rose to 9.8% from 8.5% in Q4 FY07.

TSU launched a 3G iPhone with five plans, including an SMS and data package up to 1GB. The company introduced its Natal Bonus Tarifa Zero promotion with free tariff for on-net local calls (limited to 2,000 minutes), including a handset discount of up to R$2,009. The company also launched a Natal Tim Web program under its 3G mobile broadband service to offer unlimited data plans with discounts.

FY08 net income soared 163.8% to R$180.15 million from R$68.30 million. Annual net revenue increased 5.1% to R$13.08 billion from R$12.44 billion in FY07.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs