Teixeira Duarte, S.A. Reports Earnings Results for the Half Year Ended June 30, 2021
August 27, 2021 at 08:31 pm IST
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Teixeira Duarte, S.A. Announced earnings results for the half year ended June 30, 2021. For the half year, the company announced total revenue was EUR 310.531 million compared to EUR 360.561 million a year ago. Operating loss was EUR 2.208 million compared to operating Income of EUR 16.252 million a year ago. Net loss was EUR 19.872 million compared to EUR 5.417 million a year ago. Basic loss per share from continuing operations was EUR 0.05 compared to EUR 0.01 a year ago.
Teixeira Duarte, S.A. is one of the largest Portuguese economic groups. The group is organized in six different sectors such as Construction (63.5% of sales), Concessions and Services (10.7%), Retail (10.7%), Real Estate (7.1%), Hospitality (4.3%) and Automotive (3.7%).
Construction has been Teixeira Duarte Group's core business since its formation, as well as the activity of the principal company of the Group, Teixeira Duarte - Engenharia e Construções, S.A., which operates in the areas of Geotechnics and Rehabilitation, Buildings, Infrastructures, Mechanical Engineering, Underground Works, Railway Works and Maritime Works supported by a Shuttering and Prestressing Operating Centre, a large-scale and highly technological Equipment Department, a Materials Laboratory and a Teixeira Duarte Operating Centre installed on a plot of land covering an area of 127,000 m2 and which is of enormous benefit to the Company and services rendered to its customers.
Net sales are distributed geographically as follows: Portugal (34.2%), Brazil (25%), Angola (21.5%), Mozambique (4.1%), Spain (1.6%) and other (13.6%).