Financial results

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 [...]

State bank Caixa Geral de Depósitos posted a €692 million profit for the first nine months of the year, up 61% on the same period last year, and expects to pay out the biggest dividend to the [...]

Nestlé Portugal says it is aware of increases in overall food retail prices practised in Portugal. However, it can not guarantee that prices on some of its products may not increase in the future [...]

Second quarter and first half financial results are out and Essential Business gives a roundup of some of the Portuguese companies that have announced them. Things are looking up! SONAE Sonae [...]