Business in Angola and Mozambique better than expected for Portugal’s Zon Multimédia in Angola and Mozambique

23 January 2013

Business for Portuguese company Zon Multimédia in Angola and in Mozambique continues to “surpass expectations” said the company’s chief financial officer (CFO), José Pedro Pereira da Costa.

“Business at Zap, a partnership in which Zon has a 30 percent share, in Angola and Mozambique continues to surpass our expectations, with sales in excess of 100 million euros and posting positive earnings before tax, depreciation and amortization (EBITDA),” the CFO told Portuguese news agency Lusa.

Zone Multimédia’s profit rose by 5.3 percent last year against the previous year to 36 million euros and consolidated revenue rose 0.4 percent last year to 858.6 million euros.

At the end of December Zon Multimédia had 3.467 million customers for its television, fixed-line and mobile Internet and fixed-line and mobile telecommunications services. (macauhub)