Bloomberg News

Impresa Third-Quarter Loss Widens as Advertising Revenue Drops

October 28, 2011

Oct. 28 (Bloomberg) -- Impresa SGPS SA, Portugal’s second- biggest media company by revenue, reported a wider third-quarter loss as advertising revenue declined.

The net loss widened to 1.45 million euros ($2.1 million) from a loss of 1.25 million a year earlier, the company said today in a regulatory filing. Revenue fell 6.4 percent to 56 million euros.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Joao Lima at jlima1@bloomberg.net


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