Impresa - Sociedade Gestora de Participações Sociais, S.A. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2019
July 23, 2019
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Impresa - Sociedade Gestora de Participações Sociais, S.A. announced earnings results for the second quarter and six months ended June 30, 2019. For the quarter, the company reported sales was EUR 2,535,901 against EUR 2,553,550 a year ago. Total operating revenue was EUR 48,027,889 against EUR 47,604,977 a year ago. Operating profit was EUR 8,100,065 against EUR 7,488,663 a year ago. Consolidated net profit for the period was EUR 4,676,705 against EUR 3,145,951 a year ago.
For the six months, the company reported sales was EUR 5,063,468 against EUR 4,938,747 a year ago. Total operating revenue was EUR 88,797,597 against EUR 86,814,593 a year ago. Operating profit was EUR 8,459,038 against EUR 8,421,424 a year ago. Consolidated net profit for the period was EUR 3,465,158 against EUR 2,513,162 a year ago.
Impresa, SGPS, S.A. is Portugal's leading communications group. Net sales break down by activity as follows:
- operation of TV channels (82.2%): 8 channels operated (SIC, SIC Internacional, SIC News, SIC Radical, SIC Mulher, SIC K, SIC Caras et Txillo) at the end of 2021. The group also offers an activity of streaming exclusive content by subscription (OPTO) and operation of a sports content portal (ADVNCE);
- publishing of newspapers and magazines (12.5%): weekly newspapers Expresso, Blitz, Boa Cama Boa Mesa, Tribuna, etc.;
- other (5.3%): primarily publishing and distribution of multimedia and digital content (operating primarily through the portals Olhares and InfoPortugal).
Net sales break down primarily by source of income into sales of advertising space (65.4%), sales of TV subscriptions (16.8%) and sales of newspapers and magazines, individually or by subscription (5.4%).
Portugal accounts for 95.9% of net sales.
IMPRESA, SGPS, S.A. 
