Ibersol, S.G.P.S., S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
September 13, 2022 at 03:26 am EDT
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Ibersol, S.G.P.S., S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 135.13 million compared to EUR 78.8 million a year ago. Net income was EUR 5.41 million compared to net loss of EUR 7.18 million a year ago. Basic earnings per share from continuing operations was EUR 0.13 compared to basic loss per share from continuing operations of EUR 0.22 a year ago. Diluted earnings per share from continuing operations was EUR 0.13 compared to diluted loss per share from continuing operations of EUR 0.22 a year ago.
For the six months, sales was EUR 241.17 million compared to EUR 134.25 million a year ago. Net income was EUR 3.71 million compared to net loss of EUR 22.9 million a year ago. Basic earnings per share from continuing operations was EUR 0.09 compared to basic loss per share from continuing operations of EUR 0.71 a year ago. Diluted earnings per share from continuing operations was EUR 0.09 compared to diluted loss per share from continuing operations of EUR 0.71 a year ago.
Ibersol, SGPS, S.A. specializes in operating fast-food restaurant chains, primarily under the Pizza Hut, Pizza Movil, Kentucky Fried Chicken (KFC), Bocatta, Burger King, O Kilo, Pasta Caffé, Pans & Company, Café Sô names and Flor d'Oliveira.
At the end of 2022, the group operated 621 restaurants located mainly in Portugal (296), Spain (179) and Angola (10).