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BRIEF-Portugal NOS Q2 net profit jumps 52.5 pct, beats forecast

Page created: Friday, 21 July 2017 9:43 GMT

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NOS   Results

July 20 (Reuters) – Portugal’s second-largest telecom operator Nos SGPS SA:

* Reported on Thursday a steep 52.5 percent rise in second-quarter net profit to 40.4 million euros ($47 million), beating the average analysts’ forecast of 35 million euros.

* Says rise in profit helped by strong operating results and stakes in companies owned by NOS.

* EBITDA rose 5.4 percent from a year earlier to 156.7 million euros, slightly above the average forecast of 154 million euros.