Portugal's Sonaecom 4Q Net Profit Nearly Quadruples To EUR11.5 Million
02 Março 2011 - 8:09PM
Dow Jones News
Portuguese telecommunications company Sonaecom SGPS S/A (SNC.LB)
said Wednesday its fourth-quarter net profit almost quadrupled on
the year, due to an improvement in operational performance from
mobile businesses. MAIN FACTS: - Fourth-quarter net profit surged
to EUR11.5 million from EUR3 million a year earlier. - Revenue
increased to EUR236.6 million in the fourth quarter from EUR232.8
million over the same comparative period. - Fourth-quarter earnings
before interest, taxes, depreciation and amortization grew to EUR45
million from EUR39.1 million. - Full-year 2010 net profit rose to
EUR41.2 million from EUR5.7 million in 2009. - 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).
-Contributed by Carla Canivete of Webtexto to Dow Jones
Newswires; +34-91-395 8120; enza.tedesco@dowjones.com
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