More than half of the listed companies improved their results in 2016
With the exception of Orey, all the companies listed on the Lisbon Stock Exchange presented the results for the year 2016, with the majority showing better results in year-on-year terms. Seven listed companies have already reported results for the first quarter of 2017.
During April, Portuguese companies listed on the Lisbon Stock Exchange continued to disclose their results for the year 2016. By the closing date of the market on May 2, 43 of the 44 companies had released their results, with 10 of the companies reporting losses, 26 companies reporting better results, while the remaining 17 companies recorded a worst performance compared to last year. The company that presented the highest increase in profits was Mota-Engil, while Cimpor registered the largest decrease. The highlight goes to Pharol and Montepio who reduced their losses from 693.9 million and 243.4 million euros to 75.1 million and 86.5 million euros, respectively. The PSI-20 companies increased their profits by 101 million euros.
In the first quarter of 2017, Jerónimo Martins, Media Capital and NOS increased their profits, while BPI, CTT, Galp and Impresa saw their results decrease, with BPI and Impresa presenting losses.
Tuesday, 2 May 2017 14:33
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Portugal's second-largest telecom operator Nos SGPS SA: * Reported on Thursday a 29 percent rise in first-quarter net profit to 31.4 million euros ($34.1 million), slightly above the average analysts' forecast of 27 m...
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