Brief: Pharol H1 Net Result Turns To Profit At 24.8 Mln Euros YoY

Pharol SGPS SA

29/07/2019 07:37

July 29 (Reuters) - Pharol SGPS SA  PHRA.LS :
    * SAID ON FRIDAY H1 NET PROFIT 24.8 MILLION EUROS VERSUS NET
LOSS
2.8 MILLION EUROS YEAR AGO 
    * H1 NEGATIVE EBITDA 2.0 MILLION EUROS VERSUS NEGATIVE 2.4
MILLION
EUROS YEAR AGO 
    * H1 NET RESULT WAS POSITIVE AT 24.8 MILLION EUROS MAINLY
DUE TO
AN AGREEMENT WITH OI WHICH RESULTED IN COMPENSATION FOR DAMAGES
OF 36.8 MILLION EUROS; IMPAIRMENT OF 10.1 MILLION EUROS AS A
RESULT OF REDUCTION IN EXPECTED VALUE OF RIO FORTE, AND
OPERATING COSTS OF 2 MILLION EUROS


    
 Source text: https://bit.ly/2MjC9em
    
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