Sonaecom incurs EUR6.7 million loss in Q2′08 (Portugal)Portuguese telecommunications company Sonaecom reported a EUR6.7 million loss for the second quarter, compared with a EUR1.3 million profit a year ago, with higher investment offsetting the positive effect of a growth in sales.
Revenue rose 10.9% to EUR237.9 million from EUR214.5 million, while earnings before interest, taxes, depreciation and amortization, or Ebitda, fell 11.7% to EUR34.6 million from EUR39.2 million.
Operating capital expenditures rose 27.3% to EUR35 million, driven by higher investment in its mobile business.
Sonaecom said its Optimus cellular unit raised its customer base by 11.5% to 2.9 million in the three months to the end of June, while net additions grew 25.3% to over 55,000.
