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Mayor accused of using joint money to pay court convictions

Braga Region Supply Market (MARB) profits expressed in “EBITDA” for the third quarter of this year amounted to 381 thousand euros, higher than planned (9.8 thousand) and in the same period last year ( 184.4 thousand), the administration announced this Friday in a note sent to O MINHO.

As in the previous quarter, the deviation of this economic indicator from the same period of the previous year is mainly impacted by the favorable evolution in operating income, which grew by 179 thousand euros (+ 38.5%), reflecting the beginning of activity in April of a new space dedicated to industrial logistics, says the same document.

As for earnings before interest and taxes (EBIT), management says that it amounted to 279.9 thousand euros, in line with the plan for this third quarter and recording a favorable deviation from the period. 2018 million euros (+ 63.5%) ”.

Note that the increase in depreciation for the year is impacted by the reversal of impairment losses on “MARB, SA” fixed assets, carried out as of December 31, 2018 and not foreseen in the budget, as well as the conclusion of the work. and commissioning of the new industrial building.

The company that manages the Braga Supply Market has, therefore, positive operating margins of 59% and 37%, respectively in terms of EBITDA and EBIT, which compares with 42% and 35% in the same period of the previous year and 58%. and 35% in PAO3T19.

According to the press release, financial charges amounted to 40.7 thousand euros, representing an increase of 31.3 thousand euros (+ 333%) over the same period of 2018 and a favorable deviation of 13.0 thousand euros. (-24.3%) compared to the Plan and Budget, the latter due to the fact that the capitalization of financing interest to cover investment in the construction of a new building during construction.

Net income amounted to 194.6 thousand euros, above the same period of the previous year and PAO3Q19, respectively by 58.4 thousand euros (+ 42.9%) and 18.6 m € (+ 10.5%).

As for the core business income, utilization rates, with a relative weight in the operating income structure of 90%, amounted to 578.4 thousand euros, in line with the Plan and above the period. year-on-year, at 172.3 thousand euros (+ 42.4%), the deviation from the previous year being mainly explained by the occupancy of the industrial building from April 2019 (168.4 thousand euros).

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