Business

Ibersol reports losses of 40,000 euros in the first half of 2023

Ibersol, a restaurant group, announced financial losses of 40,000 euros in the first six months of 2023, contrasting with profits of 1.6 million in the same period of 2022.

15 September 2026Tagblick Newsdesk

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Archive photo: Ibersol reports losses of 40,000 euros in the first half of 2023 — Archive photoPhoto: Joao Vicente · Wikimedia Commons · CC BY 2.0

In the first six months of 2023, Ibersol recorded losses of 40,000 euros attributable to shareholders. This result contrasts with profits of 1.6 million euros reported in the same period of 2022, according to the company.

The restaurant group disclosed this information through a statement sent to the Comissão do Mercado de Valores Mobiliários (CMVM). In the document, the company notes that despite the losses, sales volume grew by 5.4% during the period.

Although the exact figures for sales volume were not specified, the company appears to have faced financial challenges that significantly impacted results. The negative performance recorded in the first half indicates a shift in the company's finances compared to the previous year.

The press release does not provide additional details on the specific reasons that led to this negative result, nor does it mention future plans to reverse the situation.

Ibersol is one of the leading restaurant groups in Portugal, operating various well-known brands and establishments in several locations across the country. The company has faced a challenging business environment in recent years, which may have contributed to the financial results presented.

Information about the financial deviation at Ibersol has been widely reported, with several publications conveying the same outcome.

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