Infrastructure in Portugal goes from profit to profit of 32.4 million
Infraestruturas de Portugal (IP) announced this Saturday that it went from a loss of 38.9 million euros in the first half of 2021 to a profit of 32.4 million in the first half of 2022.
The company ended the first half of this year with a net profit of 32.4 million euros, which represented a recovery of 71.3 million euros, compared to the same period of the year, refers IP in a statement to the Lusa agency. , justifying that he would earn profits at “recovery of the impact of covid-19 on revenues from the use of road and rail infrastructures“.
Operating income, in turn, amounted to 119.2 million euros, up 4.8 million euros compared to 8 million euros in the previous year (7.5 million euros).
As for past and useful service sales, 47.9 million euros, 1% more, ie, 68.4 million euros more than in the same period of the year, which was mainly due to ‘essential revenue’.
Operating expenses, in turn, reached 501.1 million euros by the end of the first half of the year, 25.4 million euros higher than the real value of June last year.
In this context, the expenses with the maintenance of the road-rail network stand out, which reached 91.1 million euros in the first half of the year, which represents an increase of around 1% in relation to the same period of the previous year.
In the period in which, in the period in which, in the reporting period under analysis, the past network also gave the value of investment in the networks of 1 statement, the past IP also gave the period of 1 statement 6 million euros, plus 6% of the same period.
Up to 9 months the overall execution of the investments included in the 2020 Railway Program, which amounted to 132.1 million euros this year, that is, % more than in the first months of the previous year.
Also within the scope of the Ferrovia 2020 Investment Program, the two corridors with the highest performance in the first half of this year are highlighted. The Southern International Corridor, with an execution of 69.2 million euros and the Northern International Corridor, with an execution of 30.7 million euros, is also read in the released note.
As for the Southern International Corridor, a new railway line between Évora and Elvas is under construction, with an investment of 66.8 million euros up to June this year.
In the International Corridor of the Price Course B, IP is still in the process of re-modernizing the Alta Line and modernizing it, with an investment of 3 million euros in the period of international investment.
Within the scope of road investments, the connection of the Escariz Business Park to the A32 was continued during the period of investments under analysis, with an integrated investment of 9 euros, with an integrated investment of 9 euros Parque Empresarial de Formariz/ Paredes de Coura to the A3, with an investment of 2.4 million euros.
Road investment associated with the Recovery and Resilience Plan (PRR) was 2.9 million euros up to June this year, with two works being assigned in the period – the EN14. Maia (Via Diagonal) / Trofa Road and Rail Interface, with an estimated investment of 32 million euros and a bypass to the EN248 (Arruda dos Vinhos), with an estimated investment of 6 million euros.
Within the scope of the PRR, the IP also mentions that “all the contractual targets” were met for the first six months of this year.
The chairman of IP’s administration, Miguel Cruz, for his part, welcomed the “of public investment that has increased selected with the contributor of the infrastructure activity of Portugal“It is like”achievement of goals” for the Resilience and Recovery Plan (PRR), which “contribute a lot“for one”sustainable mobility, decarbonization and competitiveness“from the country.
The statement also mentions that another structuring investment in progress, in the period under analysis is the one referred to with the Mondego Mobility System, recorded an investment of 6.5 million euros.
In addition, the best overall until June, the financial result amounted to -16.6 million euros, translating into a face of 18.3 million euros.
It is also mentioned that at the end of June, the financial debt, in nominal terms, totaled 4,047.5 million euros, a reduction of 97.4 million euros compared to December 31, 2021, with the reduction due to amortizations of Financial Investments with the European Investment Bank (EIB).
It also deserves the policy of “prominent maintenance pursued by the shareholder of capitalization of IP”, which is “appropriate to the investment cycle” in progress, reads the statement.