Brief: Grupo Media Capital H1 Net Result Turns To Loss Of 14.4 Mln Euros YoY

Grupo Media Capital SGPS SA

28/09/2020 10:39

Sept 28 (Reuters) - Grupo Media Capital SGPS SA  MCP.LS :
    * SAID ON FRIDAY H1 OPERATING REVENUE 55.3 MILLION EUROS
VERSUS
86.4 MILLION EUROS YEAR ON YEAR
    * H1 NEGATIVE EBITDA 11.2 MILLION EUROS VERSUS POSITIVE 14.2
MILLION EUROS YEAR AGO
    * H1 NET LOSS 14.4 MILLION EUROS VERSUS PROFIT 5.9 MILLION
EUROS
YEAR ON YEAR
    * H1 ADVERTISING REVENUE 37.3 MILLION EUROS VERSUS 60.0
MILLION
EUROS YEAR ON YEAR
    * H1 ADVERTISING REVENUE DOWN 37% YEAR ON YEAR DUE TO
COMBINED
EFFECT OF PANDEMIC AND LOWER AUDIENCE OF TVI GENERALIST TV
CHANNEL
    * GROUP EXPECTS TO REINFORCE ITS COMPETITIVE POSITION IN THE
SECTOR AND THEREFORE IMPROVE THE GROUP'S FINANCIALS DURING THE
SECOND HALF OF THE YEAR

    
    
 Source text: https://bit.ly/342YDrj
    
 Further company coverage:  MCP.LS  
   


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