Ibersol, S.G.P.S., S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 19, 2021 at 11:37 am EST
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Ibersol, S.G.P.S., S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was EUR 106.32 million compared to EUR 79.89 million a year ago. Net income was EUR 2.77 million compared to net loss of EUR 3.51 million a year ago. Basic earnings per share from continuing operations was EUR 0.09 compared to basic loss per share from continuing operations of EUR 0.11 a year ago. Diluted earnings per share from continuing operations was EUR 0.09 compared to diluted loss per share from continuing operations of EUR 0.11 a year ago.
For the nine months, sales was EUR 240.57 million compared to EUR 212.93 million a year ago. Net loss was EUR 20.14 million compared to EUR 36.84 million a year ago. Basic loss per share from continuing operations was EUR 0.62 compared to EUR 1.14 a year ago. Diluted loss per share from continuing operations was EUR 0.62 compared to EUR 1.14 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).