Cofina, SGPS, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023
April 24, 2024 at 04:12 pm EDT
Share
Cofina, SGPS, S.A. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net loss was EUR 2.08 million compared to net income of EUR 10.45 million a year ago. Basic loss per share from continuing operations was EUR 0.14 compared to EUR 0.01 a year ago.
Diluted loss per share from continuing operations was EUR 0.14 compared to EUR 0.01 a year ago.
Cofina, SGPS, S.A. specializes in the publishing of newspapers and magazines in the areas of economics (Jornal de Negócios), sports (Record), general culture (Correio da Manhà, Sábado), IT (PC Guia, Semana Informatica) and other (Maxima, Vogue, Automotor, TV Guia, Rotas & Destinos, etc.). Net sales break down by activity as follows:
- publishing of newspapers and magazines (73.3%);
- operation of TV channels (26.7%): owned the channel cmTV.
Net sales break down by source of income into sales of newspapers and magazines (38.9%), sales of advertising spaces (37%) and other (24.1%).