Investing
Brazil’s Oi postpones release of 2022 financial statements
© Reuters.
SAO PAULO (Reuters) – Brazilian telecom firm Oi SA (OTC:) said late Friday it decided to postpone the release of its 2022 financial statements to May 22, after an expected presentation of its judicial reorganization plan.
The company, which entered into a second bankruptcy protection in March just months after it emerged from similar proceedings, said the delay was mainly due to ongoing negotiations with a group of its financial creditors.
Oi, however, release preliminary figures showing that it had consolidated net revenue of 2.62 billion reais ($518.96 million) in the fourth-quarter of last year.
Its routine earnings before interest, taxes, depreciation and amortization (EBITDA) for Brazilian operations in the period came in at 320 million reais.
The firm’s cash position at the end of 2022 was 3.22 billion reais, Oi added.
In a separate securities filing, the telecom operator said it entered into a note purchase agreement with some financial creditors to establish terms and conditions for a court-approved debtor in possession financing of $275 million.
($1 = 5.0486 reais)
Read the full article here
-
Side Hustles6 days ago
3 Steps You Can’t Miss When Growing Your Business
-
Make Money6 days ago
Here’s the Typical American’s Income at Every Age. How Do You Compare?
-
Investing6 days ago
Germany stocks lower at close of trade; DAX down 0.65% By Investing.com
-
Investing6 days ago
How I Transformed My Business by Letting Go of Low-Value Tasks
-
Side Hustles4 days ago
How Your Body Language Can Help Win a Disagreement
-
Side Hustles5 days ago
How to Develop Empowered Leaders Within Your Own Team
-
Passive Income6 days ago
CVS Is Laying Off Thousands in Cost Cutting Initiative
-
Passive Income4 days ago
Are You Running Your Business, or Is Your Business Running You?