Sonaecom’s profit rose 136.5% in the first nine months of this year, to 67.9 million euros, according to market information.
The information sent to the Portuguese Securities Market Commission (CMVM) indicates that “the net result (attributable to the Group) reached 67.9 million euros, significantly higher” than the first nine months of 2020.
The rise in profits of Sonaecom, owner of the newspaper Público, reflects the “positive performance in terms of EBITDA [earnings before interest, taxes, depreciation and amortization]”And also“ the portfolio valuations recorded in indirect results ”.
Consolidated turnover increased by 5.5% year on year to 53.7 million euros, with all companies in the portfolio making positive contributions to this result.
The company explains that the capital gains generated by the partial disposal of Artic Wolf, the disposal of CB4 and the disposal of Bizdirect, as well as the improvement in the contribution of ZOPT and an improvement in profitability in all businesses. units justified the increase in EBITDA. .
The telecommunications sector, with a 50 percent stake in ZOPT, which owns 52.15 percent of the capital of NOS, recorded a positive financial performance, reflecting the acceleration of the operational performance of the telecommunications sector and the recovery of the market. segment of cinemas and audiovisual – the latter driven by the return of spectators to cinemas.
Sonaecom’s operating costs amounted to € 60.4 million, an increase of 6.7% over the value seen in the first nine months of 2020.