Brief: Sonaecom Q1 Net Income Turns To Loss Of 4.5 Mln Euros YoY

Sonaecom SGPS SA

11/05/2020 17:52

May 11 (Reuters) - Sonaecom SGPS SA  SNC.LS :
    * Q1 NET LOSS 4.5 MILLION EUROS VERSUS PROFIT 11.1 MILLION
EUROS
YEAR AGO
    * Q1 TURNOVER 29.4 MILLION EUROS VERSUS 34.4 MILLION EUROS
YEAR
AGO
    * Q1 EBITDA NEGATIVE 3.3 MILLION EUROS VERSUS POSITIVE 11.5
MILLION EUROS YEAR AGO
    * NEGATIVE NET INCOME AT NOS  NOS.LS  DUE TO COVID-19
PANDEMIC
IMPACTS
    * EXPECTS CHALLENGING Q2 BUT GRADUALLY MORE NORMALIZED Q3
AND Q4
    * NO MATERIAL CHANGES IN THE COMPANY'S LIQUIDITY ARE
EXPECTED

Source text: https://bit.ly/2YSvBd5
Further company coverage:  SNC.LS 

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