Ibersol, S.G.P.S., S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
September 10, 2021 at 02:29 pm EDT
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Ibersol, S.G.P.S., S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was EUR 78.797 million compared to EUR 38.607 million a year ago. Operating loss was EUR 3.614 million compared to EUR 25.362 million a year ago. Net loss was EUR 7.175 million compared to EUR 24.345 million a year ago. Basic loss per share from continuing operations was EUR 0.22 compared to EUR 0.75 a year ago. For the half year, sales was EUR 134.247 million compared to EUR 133.041 million a year ago. Operating loss was EUR 17.704 million compared to EUR 31.802 million a year ago. Net loss was EUR 22.902 million compared to EUR 33.331 million a year ago. Basic loss per share from continuing operations was EUR 0.71 compared to EUR 1.03 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).