Portugal's Sonaecom 3Q Net Profit Sharply Up On Mobile Operations
04 11월 2010 - 7:49AM
Dow Jones News
Portuguese telecommunications company Sonaecom SGPS S/A (SNC.LB)
said Wednesday its third-quarter net profit jumped by almost
eight-fold on the year on strong mobile operations.
The company said its third-quarter net profit grew to EUR10.1
million from EUR1.3 million over the same period a year
earlier.
Revenue decreased slightly to EUR233.8 million in the third
quarter from EUR235 million, while earnings before interest, taxes,
depreciation and amortization, or Ebitda, climbed 10% to EUR49.5
million.
Sonaecom, controlled by Portuguese conglomerate Sonae SGPS SA
(SON.LB), is a competitor of Portugal Telecom SGPS SA (PT) and Zon
Multimedia SGPS SA (ZON.LB).
Company Web site: www.sonae.com
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