Another year of losses for Sonae Indústria
Page created: Friday, 27 February 2015 14:35 GMT
Thematic
The Portuguese industrial conglomerate Sonae Indústria reported a net loss of €116 million in 2014 and worse than the €78 million loss in 2013 and despite 10% growth in its operating results, the company announced in a statement sent to the stock market regulatory authority CMVM on Friday.
The company pointed out that a strategic reclassification of asset underpinned the loss and carried out within the framework of boosting its performance going further after turning over some €1.02 billion in 2014.
Its EBITDA result was up 10% year-on-year to close 2014 on €96 million with the company statement adding that the profit margin resulting, 9.4%, the best since 2007.
2014 also saw Sonae Indústria trim total fixed costs by around 3%, corresponding to €7 million, and that its total investment had amounted to €43 million and against €22 million in 2013.
PD/AJG/KAR //KAR.
Related Document(s)
In the News
Portuguese lender Novo Banco slumps to a €1.4bn loss
Thursday, 29 March 2018
Novo Banco posts record loss, remedied by Portugal resolution fund
Thursday, 29 March 2018
Portugal's Sonae says no impact on telecoms partnership from dos Santos sacking
Thursday, 16 November 2017
Listed companies increased profits by 5.2% in the first half of 2017
Thursday, 21 September 2017