Telegeography reports that Brazilian mobile operator TIM Participacoes (TIM Brasil) today reported its financial results for the last quarter of 2009, revealing that net profits at the firm dropped 14% on the same period of 2008 due to a drop in call minutes booked and its decision to use fewer tax credits. The country’s third largest mobile operator by subscribers posted net income of BRL330 million (US$181 million) in the period under review, down from BRL384 million previously. Gross revenue dipped 4% from 4Q08, with TIM Brasil ending 2009 with 41.1 million subscribers, up 12.9% from the end of 2008, and representing a market share of 23.6%.