F. Ramada Investimentos, SGPS, S.A. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 10, 2018
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F. Ramada Investimentos, SGPS, S.A. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's total revenue was EUR 31,803,000 compared to EUR 19,068,000 a year ago. EBITDA was EUR 4,651,000 compared to EUR 3,923,000 a year ago. EBIT was EUR 3,159,000 compared to EUR 2,602,000 a year ago. Profit before income tax from continuing operations was EUR 2,763,000 compared to EUR 2,784,000 a year ago. Profit after tax from continuing operations was EUR 2,172,000 compared to EUR 1,967,000 a year ago. Net profit was EUR 3,348,000 compared to EUR 3,190,000 a year ago. Net profit attributable to shareholders of the parent company was EUR 3,348,000 compared to EUR 3,203,000 a year ago. The nominal net debt of the company as of 31 March 2018 reached EUR 6,443,000.
Ramada Investimentos e Indústria, S.A. is a holding company organized around 2 areas of activities:
- production of special steels (96% of net sales). The group also develops a manufacturing of storage systems activity and offers financial services.
- development and management of real estate assets (4%).
Portugal accounts for 68% of net sales.