Financial results

Sonae closed the first half of the year with a net profit of €75 million, which represents a growth of 14% compared to the same period last year. Sales exceeded €4.3Bn, helped by the integration [...]

Portuguese oil and gas giant Galp posted a profit of €624 million in the first half of 2024, up 23% on its net RCA (Replacement Cost Adjusted) result in H1, 2023. Production, however, fell in the [...]

The Portuguese construction company Teixeira Duarte cut 800 jobs in 2023 when the construction firm posted losses of €3 million. The company now has 8,689 employees from 42 different [...]

Portugal’s private postal company CTT saw profits plummet 53.9% to €7.4 million between January and March this year. According to the company on Thursday, the fall was down to falls in its [...]

The Portuguese private health care group CUF has posted results of €39.8 million for 2023 – an increase of 9.5% on the €33.7 million registered in 2022. The positive performance of [...]

Spain’s Banco Bilbao Vizcaya (BBVA), which has had a branch presence in Portugal for 26 years, closed its accounts for the first quarter of 2024 with profits of €2.2Bn, a like-for-like increase [...]

Novobanco has posted record results of €743 million in its first year operating as a normal bank after years in which it was propped up by the Portuguese tax payer. It was a result that led the [...]

The bank BPI has posted profits of €524 million in 2023, an increase of 45% on last year on the back of interest rates. Portugal contributed €444 million to the profits of the bank controlled by [...]

The loan insurer Coface posted strong start-of-year net profits of €61.2 million for Q1 of 2203. The result represents an increase of 17% on the profits of €52.3 million posted in Q1 2022. The [...]

Novobanco managed to triple its positive results in 2022 with profits of €560.8 million. Its profits were €184.5 million in 2021. In a communiqué to the market, the bank which has received around [...]