Ibersol, S.G.P.S., S.A. Reports Earnings Results for the Third Quarter Ended Sep.30, 2020
November 20, 2020 at 10:44 am EST
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Ibersol, S.G.P.S., S.A. Announced earnings results for the third quarter ended Sep. 30, 2020. For the third quarter, the company announced sales was EUR 79.888 million compared to EUR 133.900 million a year ago. Operating income was EUR 245,716 compared to EUR 19.536 million a year ago. Net loss was EUR 3.509 million compared to net income of EUR 9.917 million a year ago. Basic loss per share from continuing operations was EUR 1.14 compared to basic earnings per share from continuing operations of EUR 0.32 a year ago. For the nine months, sales was EUR 212.929 million compared to EUR 353.499 million a year ago. Operating loss was EUR 31.556 million compared to operating Income of EUR 28.758 million a year ago. Net loss was EUR 36.840 million compared to net income of EUR 10.482 million a year ago. Basic loss per share from continuing operations was EUR 0.11 compared to basic earnings per share from continuing operations of EUR 0.31 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).
IBERSOL, SGPS, S.A. 
