In the fourth quarter of 2023, Oi (OIBR3), in the process of judicial recovery, presented a net loss of R$486 million, marking a significant reduction of 97.2% compared to the loss of R$17.149 billion in the same period 2022.
These numbers relate to the values attributable to the controlling shareholders. In the year to date 2023, the net loss was R$5.428 billion, representing a drop of 71.8% compared to the R$19.266 billion recorded in 2022.
The company’s net revenue totaled R$2.306 billion in the fourth quarter of 2023, a decrease of 12.9% compared to R$2.649 billion in the same period of the previous year. In the full year of 2023, revenue reached R$9.718 billion, a reduction of 22.9% compared to R$12.604 billion in 2022.
Routine earnings before interest, taxes, depreciation and amortization (EBITDA) recorded a negative result of R$107 million in the last quarter of 2023, compared to a positive EBITDA of R$396 million in the same period of the previous year. The reported EBITDA was also negative, totaling R$72 million. Year-to-date, routine EBITDA was negative at R$71 million, compared to the positive R$2.204 billion recorded in 2022.
Hi (OIBR3)
Oi held an auction yesterday for the sale of fractions of shares resulting from the grouping of all its common and preferred shares, approved by shareholders at an Extraordinary General Meeting held on December 1, 2022.
In the auction held, 12,225 common shares and 535 preferred shares of the company were sold, totaling R$9,295.85 net of fees. The date of the next auctions for the sale of the remaining shares will be announced later.
The net amounts resulting from the auctions will be credited to the holders of fractional shares, in proportion to their holdings, within 7 business days after the conclusion of the last auction that sells all shares. The credit procedures will be as follows:
Inplit
According to the telecast, shareholders with Banco do Brasil accounts will have their credits automatically deposited into their current accounts at the bank, as long as they have expressed an interest in receiving the amounts in this account and that their records are up to date.
Shareholders with shares held in custody at the B3 Central Depository will have the amounts credited directly to B3, which will pass them on to shareholders through custody agents.
“Other eligible shareholders must request receipt of the amounts at the Banco do Brasil branch of their choice, by issuing a payment notice to receive in cash at the cashier or by credit to a current account at other banks, at their expense, upon presentation of the relevant banking details (bank, branch and current account number)”, he highlighted in a note.
It also said that shareholders whose shares are blocked or whose records are out of date will have the amount retained by the Company and available for a prescriptive period determined by law, and payment will only be made upon presentation of the necessary documentation for unlocking or identification.
