In a statement, NOS said that net profit stood at 148.6 million euros in the first six months of the year, which represents a year-on-year increase of 84.6%, incorporating "non-recurring effects totalling 53.1 million euros", and "without this effect, NOS' results would have stood at 95.4 million euros, an increase of 18.6% compared to the same period in 2023".
In the period under review, consolidated revenues "grew 5.2% to 815.5 million euros" and telecommunications revenues "progressed 5.8% to 789.6 million euros, reflecting the increase in the number of services".
Earnings before taxes, interest, depreciation, and amortization (EBITDA) increased by 5.5% compared to the first half of last year, "to 372.1 million euros".
Telecommunications EBITDA grew 6.5% to 352.8 million.
Glorious profits way above what’s acceptable has become normal. Odd, they just raised rates too.
What a business model… “Greed”
By A V from Algarve on 19 Jul 2024, 10:04