The CP Group announced Friday that incurred losses to the tune of 159.8 million euros in 2014, but the results were much better than those achieved in the previous year.
“The CP ended the year 2014 with a net profit of -159.8 million euros, 66.7 million euros better than that recorded in 2013 (-226.5 million euros), “said the company’s president, Manuel Queiró in the report and the 2014 accounts, document that has not yet been approved by the guardianship.
The result before taxes, interest, depreciation and amortization (EBITDA) recurrent “remained positive at 14.8 million euros, driven by increased revenue EUR 10.5 million, ‘says the CP in a statement sent to the Portuguese Securities Market Commission (CMVM).
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