The AdP group financial performance stands out for the increase in net results of 4.2%, to €93.8 million. This rise stems above all from the improvement in operational results totalling in the region of €8.2 million and, discounting the effects of the tariff deficits, resulting in a boost to financial results totalling €14.3 million.
The AdP-Águas de Portugal Group ended the first half of 2012 with a turnover of €415.7 million, representing a 11.4 per cent increase over the same period last year.Consolidated net profit of €46.6 million was down 2.9 per cent, or €1.4 million, on the first six months of 2011. Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to €154.6 million, down 3.2 per cent on the same period of 2011.
Águas de Portugal Internacional is preparing to launch two new technical assistance projects in the Angolan water supply and wastewater sanitation sectors. The contracts are worth about €1 million and were awarded following the consolidation of the AdP Group Angolan activities in AdP Angola, the subsidiary established by Águas de Portugal to improve its response to the growing demand for support for the institutional development of the Angolan water sector.