Bloomberg News

Sonae Industria Third-Quarter Loss Narrows as Revenue Rises 4%

November 07, 2011

Nov. 7 (Bloomberg) -- Sonae Industria SGPS SA, Portugal’s biggest producer of wood panels, said its third-quarter loss narrowed as revenue increased 4 percent.

The net loss narrowed to 9 million euros ($12 million) from 10 million euros a year earlier on a comparable basis, the Maia- based company said today in a regulatory filing. Sales rose to 326 million euros from 313 million euros.

--Editor: David Risser

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

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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