Cofina, SGPS, S.A. Announces Consolidated Earnings Results for the First Quarter of 2018
May 10, 2018
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Cofina, SGPS, S.A. announced consolidated earnings results for the first quarter of 2018. Operational revenues were EUR 21,012,000 compared to EUR 20,554,000 a year ago. Consolidated EBITDA was EUR 2,406,000 compared to EUR 2,337,000 a year ago. EBIT was EUR 1,986,000 compared to EUR 1,875,000 a year ago. Income before taxes was EUR 1,252,000 compared to EUR 884,000 a year ago. Net consolidated profit was EUR 748,000 compared to EUR 648,000 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%).
COFINA, SGPS, S.A. 
