Brief: Sporting FY Net Results Turn To Profit Y/Y At 12.5 Mln Euros

Sporting Clube De Portugal Futebol SAD

08/09/2020 06:50

Sept 8 (Reuters) - Sporting Clube de Portugal Futebol SAD
 SPSO.LS :
    * SAID ON MONDAY FY 2019/20 NET PROFIT 12.5 MILLION EUROS
VERSUS
LOSS 7.9 MILLION EUROS YEAR AGO
    * FY OPERATING REVENUE EXCLUDING PLAYER-RELATED DEALS 68.5
MILLION
EUROS VERSUS 75.8 MILLION EUROS YEAR AGO
    * FY REVENUE FROM PLAYER-RELATED DEALS 106.9 MILLION EUROS
VERSUS
75.8 MILLION EUROS YEAR AGO
    * FY OPERATING RESULTS 27.2 MILLION EUROS VERSUS 4.1 MILLION
EUROS
YEAR AGO
    * ESTIMATED NEGATIVE IMPACT OF THE COVID-19 PANDEMIC
AMOUNTED TO
3.7 MILLION EUROS
    * EXPECTS A DROP OF AROUND 75% IN SPORTING SAD'S REVENUES
FOR THE
2020/2021 SEASON, NAMELY IN THE TICKET OFFICE, GAMEBOX, BOX AND
BUSINESS SEATS AREAS, DUE TO COVID-19

    
 Source test: https://bit.ly/2ZgDRTC
    
 Further company coverage:  SPSO.LS 

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