Cofina, SGPS, S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2019
November 28, 2019
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Cofina, SGPS, S.A. reported consolidated earnings results for the third quarter and nine months ended September 30, 2019. For the nine months, the company reported sales of €32.04 million compared to €32.9 million a year ago. Net consolidated profit from continuing operations was €4.26 million or €0.04 per basic share compared to €4.32 million or €0.04 per basic share a year ago.
For the quarter, the company reported sales of €11.1 million compared to €11.7 million a year ago. Net consolidated profit from continuing operations was €1.2 million or €0.01 per basic share compared to €1.4 million or €0.01 per basic share 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. 
