TIM Hellas moves to net profit in Q1TIM Hellas moved into the black in the first quarter, posting a net profit of EUR 6.3 million versus a loss of USD 8.8 million. The Greek mobile operator’s results were helped by lower interest expenses and improved operating results. Revenues rose 13 percent to EUR 243 million, helped by higher equipment sales as well as some EUR 5.7 million from sister company Q Telecom switching to roaming on the TIM network from Vodafone. Average revenue per user fell to EUR 25.5 from EUR 28.1 a year ago. Operating profit rose 55 percent to EUR 34.3 million. TIM gained 122,078 new customers in the quarter for a total 2.96 million at the end of March.
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