DATELINE SÂO PAULO, BRAZIL — Can it really already be earnings seasons already in Old Sambodia?
Always a real Fat Tuesday for the newspapers, which get to charge prime rates for enormous earnings reports spanning entire sections. You gringos may read some of the very often badly translated results later in the Forms 20-F of firms with ADRs.
(At the risk of jinxing the deal, it could be that my professional life may soon be ruled again by the menstrual flow of corporate gross and P/E ratios. Enough said.)
A operadora de TV por assinatura NET registrou em 2009 lucro líquido de R$ 735,9 milhões, ante lucro de R$ 20 milhões no ano anterior. No demonstrativo publicado hoje nos jornais, segundo a legislação societária brasileira, o resultado teria sido de R$ 778,188 milhões, ante prejuízo de R$ 95,006 milhões do ano anterior. No quarto trimestre, o lucro líquido somou R$ 305,8 milhões, após o prejuízo de R$ 76 milhões registrado no mesmo período de 2008.
Pay TV operator NET recorded net profits of R$735.9 million in 2009, up from R$20 million in 2008. In the earnings statement published in today’s papers, 2009 net profits are stated as R$778.2 million, against a loss of R$95 million in 2008. In 4Q09, net profits were R$305.8 million, against a loss of R$78 million in 4Q08.
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