{"id":32066,"date":"2004-06-03T00:00:00","date_gmt":"2004-06-03T00:00:00","guid":{"rendered":"https:\/\/www.josedemello.pt\/comunicado-de-imprensa\/grupo-jose-de-mello-com-crescimento-sustentado-em-2003\/"},"modified":"2023-02-14T18:24:31","modified_gmt":"2023-02-14T18:24:31","slug":"grupo-jose-de-mello-com-crescimento-sustentado-em-2003","status":"publish","type":"comunicado-imprensa","link":"https:\/\/josedemello.pt\/en\/press-release\/grupo-jose-de-mello-com-crescimento-sustentado-em-2003\/","title":{"rendered":"Jos\u00e9 de Mello Group sees sustained growth in 2003"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Jos\u00e9 de Mello, SGPS, SA, saw sustained growth of its business during 2003, with turnover standing at \u20ac813 million and cash flow at \u20ac89 million, up by 9% and 42% respectively from 2002.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the adverse economic background, the consolidated turnover of the Jos\u00e9 de Mello Group rose by \u20ac65 million, chiefly the result of the positive contribution made by Jos\u00e9 de Mello Sa\u00fade (\u20ac25.2M), Soponata (\u20ac16.5 million), Jos\u00e9 de Mello Imobili\u00e1ria (\u20ac15.3 million) and CUF (\u20ac11.7 million).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jos\u00e9 de Mello, SGPS, SA\u2019s consolidated EBITDA also performed well, increasing by \u20ac9 million during 2003, up 17% from the previous year\u2019s figure. A major contribution to this improvement was provided by the growth of turnover, which was greater than the increase of operating costs, which were higher by just \u20ac55.9 million<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Group\u2019s consolidated assets fell by \u20ac65.6 million compared to the 2002 figure, the result of the sale of two Soponata ships and of the CUF Descobertas Hospital building, acquired by a property fund.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consolidated net profit amounted to \u20ac2.7 million, a decrease of \u20ac31 million caused by the impact in 2002 of the application of the accounting standards in respect of deferred taxes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BUSINESS HIGHLIGHTS<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong><strong>CONSOLIDATED BUSINESS<\/strong><\/strong><\/td><td><strong>2003<\/strong><\/td><td><strong>2002<\/strong><\/td><\/tr><tr><td><strong><strong>Turnover<\/strong><\/strong><\/td><td><strong>813<\/strong><\/td><td><strong>748<\/strong><\/td><\/tr><tr><td><strong> EBITDA<\/strong><\/td><td><strong>63<\/strong><\/td><td><strong>54<\/strong><\/td><\/tr><tr><td><strong> Cash-Flow<\/strong><\/td><td><strong>89<\/strong><\/td><td><strong>63<\/strong><\/td><\/tr><tr><td><strong><strong>Net profit<\/strong><\/strong><\/td><td><strong>2,7<\/strong><\/td><td><strong>33,7<\/strong><\/td><\/tr><tr><td><strong><strong>Net assets<\/strong><\/strong><\/td><td><strong>2.301<\/strong><\/td><td><strong>2.367<\/strong><\/td><\/tr><tr><td><strong><strong>Shareholders\u2019 equity<\/strong><\/strong><\/td><td><strong>378<\/strong><\/td><td><strong>378<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"author":1,"featured_media":0,"menu_order":49,"template":"","meta":{"_acf_changed":false,"slim_seo":{"title":"Jos\u00e9 de Mello Group sees sustained growth in 2003 - Grupo Jos\u00e9 de Mello","description":"Jos\u00e9 de Mello, SGPS, SA, saw sustained growth of its business during 2003, with turnover standing at \u20ac813 million and cash flow at \u20ac89 million, up by 9% and 42%"},"footnotes":""},"class_list":["post-32066","comunicado-imprensa","type-comunicado-imprensa","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/josedemello.pt\/en\/wp-json\/wp\/v2\/comunicado-imprensa\/32066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/josedemello.pt\/en\/wp-json\/wp\/v2\/comunicado-imprensa"}],"about":[{"href":"https:\/\/josedemello.pt\/en\/wp-json\/wp\/v2\/types\/comunicado-imprensa"}],"author":[{"embeddable":true,"href":"https:\/\/josedemello.pt\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":1,"href":"https:\/\/josedemello.pt\/en\/wp-json\/wp\/v2\/comunicado-imprensa\/32066\/revisions"}],"predecessor-version":[{"id":32068,"href":"https:\/\/josedemello.pt\/en\/wp-json\/wp\/v2\/comunicado-imprensa\/32066\/revisions\/32068"}],"wp:attachment":[{"href":"https:\/\/josedemello.pt\/en\/wp-json\/wp\/v2\/media?parent=32066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}