Portugal NOS’s third-quarter profit falls 8%, new customers added

LISBON: Portuguese telecoms firm NOS on Wednesday posted a near 8% drop in third-quarter net profit to 44.1 million euros ($51.7 million), but its customer numbers rose in what the company saw as a sign of recovery after the impact of the COVID-19 pandemic.

NOS, which also has a media business that includes cinemas, said consolidated revenue fell 6.4% to 346.9 million euros in July-September from a year ago, while its telecoms revenue dropped only 1.4% to 342.7 million euros.