Teixeira Duarte, S.A. Reports Earnings Results for the Half Year Ended June 30, 2022
July 28, 2022 at 11:07 am EDT
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Teixeira Duarte, S.A. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was EUR 383.45 million compared to EUR 258.58 million a year ago. Revenue was EUR 429.38 million compared to EUR 310.53 million a year ago. Net income was EUR 4.19 million compared to net loss of EUR 19.87 million a year ago. Basic earnings per share from continuing operations was EUR 0.01 compared to basic loss per share from continuing operations of EUR 0.05 a year ago. Diluted earnings per share from continuing operations was EUR 0.01 compared to diluted loss per share from continuing operations of EUR 0.05 a year ago.
Teixeira Duarte, S.A. is one of the largest Portuguese economic groups. The group is organized in six different sectors such as Construction (63.5% of sales), Concessions and Services (10.7%), Retail (10.7%), Real Estate (7.1%), Hospitality (4.3%) and Automotive (3.7%).
Construction has been Teixeira Duarte Group's core business since its formation, as well as the activity of the principal company of the Group, Teixeira Duarte - Engenharia e Construções, S.A., which operates in the areas of Geotechnics and Rehabilitation, Buildings, Infrastructures, Mechanical Engineering, Underground Works, Railway Works and Maritime Works supported by a Shuttering and Prestressing Operating Centre, a large-scale and highly technological Equipment Department, a Materials Laboratory and a Teixeira Duarte Operating Centre installed on a plot of land covering an area of 127,000 m2 and which is of enormous benefit to the Company and services rendered to its customers.
Net sales are distributed geographically as follows: Portugal (34.2%), Brazil (25%), Angola (21.5%), Mozambique (4.1%), Spain (1.6%) and other (13.6%).
TEIXEIRA DUARTE, S.A. 
