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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sonae SGPS SA | EU:SON | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.003 | 0.32% | 0.933 | 0.932 | 0.938 | 0.943 | 0.932 | 0.938 | 3,011,024 | 16:40:00 |
DOW JONES NEWSWIRES
Portuguese telecommunications company Sonaecom SGPS S/A (SCN.LB) said late Thursday its first-quarter net profit jumped, helped by an improved gross operating profit and lower operating costs.
In a filing to the Portuguese stock market regulator, the company said it posted a first-quarter net profit of EUR8.2 million, compared with a EUR200,000 net profit registered in the same period a year ago.
Sonaecom's earnings before interest, taxes, depreciation and amortization, or Ebitda, rose nearly 5% to EUR47.9 million on the year, mainly driven by the company's mobile operations.
Sonaecom's operating costs dropped 9.4% to EUR172.1 million in the first quarter.
Meanwhile, first-quarter revenue fell close to 8% to EUR222.8 million from EUR240.9 million, due to a reduction in service revenues and product sales.
Sonaecom, a unit of conglomerate Sonae SGPS SA (SON.LB), is a competitor of Portugal Telecom SGPS SA (PT) and ZON Multimedia SGPS SA (ZON.LB).
Regulator Web site: http://www.cmvm.pt
-By Enza Tedesco, Dow Jones Newswires, enza.tedesco@dowjones.com
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