NOS profit falls 5.7% in 1st half to 80.5 ME

Date:

Share post:

NOS’ profit fell 5.7% in the first half, compared to the same period in 2022, to 80.5 million euros, impacted by investment and the macroeconomic context, the operator announced today.

“Net income attributable to NOS shareholders decreased 5.7% to 80.5 million euros, given the sharp growth in depreciation and amortization as a result of the continuous investments that the company has been making, as well as the increase in interest rates in the cost structure and due to the current macroeconomic context”, explains the company led by Miguel Almeida.

Consolidated revenues “grew 4.5% to 775.2 million euros”, NOS said in a statement sent to the Portuguese Securities Market Commission (CMVM).

Telecoms revenues rose 3.5% to €746.6m as the number of services increased, with “9% growth in post-paid mobile services”.

Cinema and audiovisual revenues grew by 15.2% to €45 million, with ticket sales in cinemas growing by 36.8% to €3.5 million”.

Consolidated earnings before taxes, interest, depreciation and amortization (EBITDA) grew 9.4% year-on-year to €352.6 million, “with telecommunications EBITDA reaching €331.3 million, up 10.1% on the previous year”.

Related articles

Average gross income per household increased by 19% between 2015 and 2020

The average gross income declared per family increased by 19% between 2015 and 2020, to 19,866 euros, with...

Madeira government announces 30% reduction in personal income tax across all tax brackets by 2028

The Regional Government of Madeira indicated today that it will apply the 30% tax differential in all IRS...

Chico Buarque’s new novel to be published in Portugal in September

Chico Buarque's new novel, "Bambino a Roma", which mixes fiction with memories of the time when the writer...

273 speed camera infringements detected in one month on Vasco da Gama Bridge

More than 1.8 million vehicles were checked by radar in one month on the Vasco da Gama Bridge,...