Reuters logo
14 天前
Brazil's Oi posts bigger-than-expected loss on hedging
2017年8月9日 / 晚上9点53分 / 14 天前

Brazil's Oi posts bigger-than-expected loss on hedging

SAO PAULO, Aug 9 (Reuters) - Oi SA, the Brazilian phone carrier under bankruptcy protection, posted a bigger-than-expected second-quarter loss triggered by a scrapping of currency hedging positions.

In a Wednesday securities filing, Oi said it lost a net 3.303 billion reais ($) last quarter, a shortfall 16 times bigger than the 200 million-real loss in the prior three months. The result came in well above an average consensus estimate of 332.8 million reais compiled by Thomson Reuters.

Reporting by Guillermo Parra-Bernal

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below