In a statement sent to the Portuguese Securities Market Commission (CMVM), NOS said that “the consolidated net profit stood at €73.9 million, compared to €35 million recorded in the first six months of last year”.
In the period under review, consolidated revenues rose 1.8 percent to €678.5 million.
“In the first half of this year, telecoms revenues, despite the effects of the pandemic on roaming revenues, grew by 3 percent year-on-year to €672.4 million,” NOS said.
Earnings before tax, interest, depreciation and amortisation (EBITDA) amounted to €306.6 million, down 1.3 percent on the same period of 2020 (€310.6 million).
“Revenue growth and the conditioned reopening of cinemas was not enough to offset the increase in direct costs,” NOS adds.
In the first half of 2021, “NOS reinforced its investments, particularly in the communications area” and the group’s total ‘capex’, excluding leasing contracts, increased 16.5 percent and reached €200.1 million.
I cannot imagine how they have made any profit. Talk about disorganized! They keep charging me even though I have had MEO since March. Their equipment has been returned. I have made several visits to their shop. Phoned them for which I have to pay! Got the rudest person. Still they send a bigger bill !! Complete disaster company. Where did they get the profit??
By Lauree from Lisbon on 30 Jul 2021, 11:17