13 of the 17 companies in the PSI-20 Index have announced their results for the first semester of 2017, with one company reporting losses and 11 reporting gains
Compared with the first half of 2016, four companies showed worse performance, while the remaining seven showed better results. The company that presented the largest increase in profits was BPI, while Impresa recorded the largest decrease. For the year of 2017, CaixaBI forecasts a 13% increase in profits of PSI-20 compared with 2016.
The PSI-20 index ended July with a rise of 0.32% to 5,189.23 points, with ten companies green and nine red. Galp shares led the gains, rising 1.12% to 13,540 euros, due to the company’s results. The firm adjusted net income rose 14% year-on-year to 151 million euros in the second quarter of this year (250 million euros in the first half of 2017), supported by the good performance in the refining and distribution and in the business and oil production in Brazil. REN closed with a 1.63% appreciation to 2,735 euros, while EDP rose 1.15% to 3.001 euros per share.
Contrary to the gains of the PSI-20 index was Mota-Engil, which lost 1.24% to 2,380 euros, followed by Sonae Capital (-1.22%), Semapa (-1.12%), Corticeira Amorim (-1.05%), and CTT (-0,18%).
Wednesday, 26 July 2017 10:08
Lisbon, Jul. 25 (Lusa) – Portuguese bank BPI lost €102 million in the first six months of the year, compared with a €106 million profit in the same period in 2016, the bank said on Tuesday. Pablo Forero, the chairman of B...
Monday, 24 July 2017 9:43
Lisbon, Jul. 21 (Lusa) – Lisbon’s benchmark index, the PSI20, closed 0.34% down on Friday at 5,296.15 points, on a day with steeper drops on many European bourses. Pharol (ex-PT) dropped 1.49% to €0.33, Galp fell 1.24% to...
Friday, 21 July 2017 9:43
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 analys...
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