Ibersol, S.G.P.S., S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2020
September 29, 2020 at 12:04 pm EDT
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Ibersol, S.G.P.S., S.A. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was EUR 38.607 million compared to EUR 117.659 million a year ago. Operating loss was EUR 25.362 million compared to operating Income of EUR 7.382 million a year ago. Net loss was EUR 24.345 million compared to net income of EUR 2.535 million a year ago. Basic loss per share from continuing operations was EUR 0.75 compared to basic earnings per share from continuing operations of EUR 0.08 a year ago. For the half year, sales was EUR 133.041 million compared to EUR 219.598 million a year ago. Operating loss was EUR 31.802 million compared to operating Income of EUR 9.221 million a year ago. Net loss was EUR 33.331 million compared to net income of EUR 565,142 a year ago. Basic loss per share from continuing operations was EUR 1.03 compared to basic earnings per share from continuing operations of EUR 0.02 a year ago.
Ibersol, SGPS, S.A. specializes in operating fast-food restaurant chains, primarily under the Pizza Hut, Pizza Movil, Kentucky Fried Chicken (KFC), Bocatta, Burger King, O Kilo, Pasta Caffé, Pans & Company, Café Sô names and Flor d'Oliveira.
At the end of 2022, the group operated 621 restaurants located mainly in Portugal (296), Spain (179) and Angola (10).