Cofina, SGPS, S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2019
November 29, 2019
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Cofina, SGPS, S.A. reported consolidated earnings results for the third quarter and nine months ended September 30, 2019. For the nine months, the company reported sales of €32.04 million compared to €32.9 million a year ago. Net consolidated profit from continuing operations was €4.26 million or €0.04 per basic share compared to €4.32 million or €0.04 per basic share a year ago.
For the quarter, the company reported sales of €11.1 million compared to €11.7 million a year ago. Net consolidated profit from continuing operations was €1.2 million or €0.01 per basic share compared to €1.4 million or €0.01 per basic share a year ago.
Cofina, SGPS, S.A. specializes in the publishing of newspapers and magazines in the areas of economics (Jornal de Negócios), sports (Record), general culture (Correio da Manhà, Sábado), IT (PC Guia, Semana Informatica) and other (Maxima, Vogue, Automotor, TV Guia, Rotas & Destinos, etc.). The group's activity is organized around two sectors:
- publishing of newspapers and magazines ;
- operation of TV channels : owned the channel cmTV.