Brief: Impresa swings to positive Q1 EBITDA, cuts net loss

Impresa Sociedade Gestora De Participacoes Sociais SA

03/05/2018 16:41

May 3 (Reuters) - Portugal's media company IMPRESA SGPS SA  IMPA.LS , owner of SIC
television 
and Expresso newspaper:
    * CUTS Q1 NET LOSS TO 0.63 MLN EUROS FROM YEAR-AGO 2.76 MLN EUROS
    * SWINGS TO POSITIVE EBITDA OF 1.8 MLN EUROS VS YR-AGO PRO-FORMA OF -0.4 MLN
    * Q1 OPERATING COSTS FALL 6 PCT TO 37.4 MLN EUROS
    * NET DEBT FALLS 3 PCT TO 185.6 MLN
    * TOTAL REVENUES VIRTUALLY FLAT VS YEAR-AGO, ADVERTISING REVENUE UP 1.1 PCT 
    * PUBLISHING REVENUE UP 20 PCT VS YEAR-AGO PRO-FORMA 
    * PRO-FORMA RESULT EXCLUDES MAGAZINES SOLD BY IMPRESA ON JAN 1, 2018

Further company coverage:  IMPA.LS 

 (Reporting By Andrei Khalip, editing by Axel Bugge)
 ((andrei.khalip@thomsonreuters.com; (351) 213-509-209; Reuters Messaging:
andrei.khalip.thomsonreuters.com@reuters.net))