Sonae H1 net slumps 76 percent
LISBON |
LISBON Aug 27 (Reuters) - Portuguese conglomerate Sonae (YSO.LS) reported on Wednesday a 76 percent slump in first half net profit to 24.2 million euros, hit by rising financial costs.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 31 percent to 222 million euros while revenues rose 24 percent to 2.44 billion euros.
Analysts surveyed by Reuters had expected Sonae to post a net profit of 30 million euros. (Reporting by Axel Bugge)
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