NOS invests 182M€ as profits go up 13%

NOS has seen its profits increasing to more than 90M€ in the first semester of this year, partially due to the increasing number of clients. In a communique sent to CMVM (The Portuguese Securities Market Authority), the company mentioned that it has also invested 182M€ in telecom over the last six months.

In the first six months of the year, NOS’ profits increased by 13% to 90.2M€ relative to the same period of 2018, reaching an EBITDA of 331,9M€. “This result can be explained by the increasing number of clients as well as by gains in efficiency”, the company refers.

Revenues increased to 781,7M€ partially due to the increasing number of clients. In the first semester of 2019, landline coverage reached 4,525M homes, 350,000 more than the previous year. “Next-generation services arrive at more and more Portuguese as a result of the high investment that NOS keeps making in its network infrastructures”.

NOS strengthens landline and mobile networks

In the first semester, the investment in telecommunications surpassed the 182M€ and focused on “the expansion of next-generation landline and mobile networks coverage, improving the quality of the service provided to clients”, NOS refer in is communique.

The company saw the numbers of its services soaring more than 100,000 to 9,58M, 4,760M of which were mobile. The number of fixed access TV customers reached 1,330M subscriptions as the total number for all TV subscriptions’ clients was 1,617M people.

At a corporate level, NOS “is managing to conquer relevant clients for its corporate segment either in public or in the private sector”, which led to an increase of corporate services to 1,515M in the first semester.

Contributing also to the increased revenues were the cinema and audiovisual segment of the business with an increase of 4.2% to 54.9M€. Just in cinemas, NOS sold more 3.2% of tickets relative to the same period of last year, reaching 4.1M tickets sold.