Cofina SGPS SA
ELI:CFN
Income Statement
Earnings Waterfall
Cofina SGPS SA
Income Statement
Cofina SGPS SA
| Jun-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
1
|
1
|
1
|
1
|
1
|
0
|
1
|
0
|
|
| Revenue |
65
N/A
|
66
+1%
|
67
+2%
|
100
+50%
|
135
+34%
|
136
+1%
|
143
+5%
|
145
+1%
|
144
-1%
|
141
-2%
|
134
-5%
|
131
-2%
|
134
+2%
|
136
+1%
|
136
+0%
|
137
+0%
|
136
0%
|
134
-2%
|
132
-1%
|
130
-1%
|
127
-3%
|
124
-2%
|
121
-2%
|
118
-2%
|
113
-4%
|
112
-2%
|
108
-3%
|
106
-2%
|
108
+1%
|
107
-1%
|
108
+1%
|
107
-1%
|
106
-1%
|
105
-1%
|
105
-1%
|
103
-2%
|
101
-2%
|
100
-1%
|
99
-1%
|
99
+0%
|
100
+1%
|
98
-2%
|
95
-3%
|
93
-3%
|
90
-4%
|
90
+0%
|
90
+0%
|
89
-1%
|
89
+0%
|
88
-1%
|
87
-1%
|
87
+0%
|
88
+1%
|
79
-10%
|
71
-10%
|
73
+2%
|
76
+4%
|
78
+3%
|
0
-100%
|
37
+148 302%
|
0
-100%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(39)
|
(38)
|
(38)
|
0
|
(75)
|
(38)
|
(44)
|
(64)
|
(82)
|
(80)
|
(74)
|
(72)
|
(71)
|
(72)
|
(72)
|
(71)
|
(71)
|
(68)
|
(68)
|
(68)
|
(67)
|
(66)
|
(66)
|
(65)
|
(63)
|
(62)
|
(60)
|
(58)
|
(58)
|
(57)
|
(57)
|
(57)
|
(56)
|
(56)
|
(55)
|
(53)
|
(13)
|
(53)
|
(53)
|
(53)
|
(13)
|
(53)
|
(52)
|
(51)
|
(11)
|
(49)
|
(48)
|
(47)
|
(10)
|
(46)
|
(36)
|
(27)
|
(10)
|
(8)
|
(7)
|
(5)
|
(6)
|
(6)
|
0
|
(3)
|
0
|
|
| Gross Profit |
26
N/A
|
28
+5%
|
29
+6%
|
0
N/A
|
60
N/A
|
31
-49%
|
32
+4%
|
47
+49%
|
63
+33%
|
61
-2%
|
60
-3%
|
60
+0%
|
63
+5%
|
63
+1%
|
65
+2%
|
66
+2%
|
66
+0%
|
65
0%
|
64
-2%
|
63
-2%
|
60
-5%
|
57
-4%
|
55
-4%
|
53
-4%
|
50
-5%
|
49
-2%
|
49
-1%
|
48
-1%
|
50
+4%
|
50
+0%
|
51
+2%
|
51
-1%
|
50
-1%
|
50
-1%
|
50
0%
|
50
+1%
|
87
+74%
|
47
-46%
|
46
-1%
|
46
-1%
|
87
+89%
|
45
-48%
|
44
-3%
|
42
-4%
|
79
+88%
|
41
-48%
|
42
+2%
|
43
+1%
|
79
+86%
|
42
-46%
|
51
+21%
|
60
+18%
|
78
+30%
|
72
-8%
|
65
-9%
|
68
+4%
|
70
+4%
|
72
+3%
|
0
-100%
|
34
+136 150%
|
0
-100%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(19)
|
(20)
|
(21)
|
(88)
|
(43)
|
(81)
|
(82)
|
(64)
|
(46)
|
(45)
|
(44)
|
(43)
|
(44)
|
(45)
|
(46)
|
(46)
|
(46)
|
(46)
|
(45)
|
(45)
|
(43)
|
(42)
|
(40)
|
(39)
|
(37)
|
(36)
|
(37)
|
(37)
|
(38)
|
(37)
|
(37)
|
(37)
|
(37)
|
(37)
|
(37)
|
(37)
|
(75)
|
(35)
|
(34)
|
(34)
|
(75)
|
(34)
|
(35)
|
(33)
|
(70)
|
(32)
|
(30)
|
(29)
|
(66)
|
(29)
|
(38)
|
(47)
|
(65)
|
(64)
|
(56)
|
(57)
|
(59)
|
(62)
|
(1)
|
(31)
|
(14)
|
|
| Selling, General & Administrative |
(18)
|
(18)
|
(18)
|
0
|
(38)
|
(19)
|
(20)
|
(30)
|
(41)
|
(40)
|
(39)
|
(39)
|
(39)
|
(40)
|
(40)
|
(41)
|
(40)
|
(40)
|
(39)
|
(39)
|
(36)
|
(35)
|
(34)
|
(33)
|
(33)
|
(33)
|
(33)
|
(33)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(49)
|
(32)
|
(31)
|
(31)
|
(49)
|
(31)
|
(32)
|
(31)
|
(47)
|
(31)
|
(28)
|
(28)
|
(44)
|
(27)
|
(36)
|
(45)
|
(40)
|
(60)
|
(34)
|
(51)
|
(37)
|
(57)
|
(1)
|
(29)
|
(1)
|
|
| Depreciation & Amortization |
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(3)
|
(4)
|
(3)
|
(3)
|
0
|
(2)
|
0
|
|
| Other Operating Expenses |
(0)
|
(1)
|
(1)
|
(86)
|
(2)
|
(58)
|
(58)
|
(30)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(23)
|
(0)
|
(0)
|
(0)
|
(24)
|
(1)
|
(1)
|
(1)
|
(21)
|
0
|
0
|
0
|
(21)
|
(0)
|
(0)
|
0
|
(21)
|
0
|
(19)
|
(2)
|
(18)
|
(1)
|
(0)
|
(0)
|
(13)
|
|
| Operating Income |
7
N/A
|
8
+3%
|
8
+4%
|
12
+47%
|
17
+44%
|
17
+0%
|
17
+2%
|
18
+2%
|
17
-4%
|
16
-3%
|
16
-2%
|
17
+4%
|
18
+10%
|
19
+1%
|
19
+1%
|
19
+2%
|
20
+1%
|
19
-2%
|
19
-3%
|
18
-3%
|
16
-9%
|
15
-6%
|
15
-6%
|
14
-5%
|
13
-3%
|
13
-3%
|
12
-8%
|
11
-4%
|
12
+8%
|
13
+3%
|
14
+10%
|
14
+0%
|
13
-5%
|
13
0%
|
13
-2%
|
13
+0%
|
12
-7%
|
12
-1%
|
12
-1%
|
12
-2%
|
11
-3%
|
11
-3%
|
9
-19%
|
9
-3%
|
9
+9%
|
9
+1%
|
13
+35%
|
13
+5%
|
13
-3%
|
14
+7%
|
13
-3%
|
13
-1%
|
13
0%
|
8
-39%
|
9
+6%
|
11
+24%
|
11
+7%
|
10
-7%
|
(1)
N/A
|
3
N/A
|
(14)
N/A
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
2
|
2
|
2
|
0
|
(13)
|
(13)
|
(60)
|
(63)
|
(89)
|
(71)
|
(28)
|
(13)
|
7
|
(5)
|
(11)
|
(28)
|
(16)
|
(3)
|
2
|
6
|
(2)
|
(6)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(4)
|
(4)
|
(8)
|
(7)
|
(5)
|
(3)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(0)
|
(1)
|
0
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(2)
|
(1)
|
(2)
|
(12)
|
(1)
|
(15)
|
(13)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
1
|
(1)
|
2
|
2
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Pre-Tax Income |
8
N/A
|
8
+6%
|
8
-3%
|
(0)
N/A
|
4
N/A
|
(11)
N/A
|
(56)
-431%
|
(47)
+16%
|
(73)
-56%
|
(56)
+23%
|
(13)
+77%
|
3
N/A
|
25
+815%
|
13
-47%
|
7
-44%
|
(9)
N/A
|
3
N/A
|
15
+398%
|
20
+27%
|
22
+13%
|
13
-39%
|
8
-40%
|
9
+16%
|
10
+6%
|
10
+0%
|
10
-3%
|
9
-6%
|
9
-1%
|
9
+1%
|
9
+2%
|
10
+9%
|
10
-4%
|
10
+2%
|
10
+3%
|
10
-2%
|
10
+2%
|
8
-17%
|
8
0%
|
9
+3%
|
8
-5%
|
6
-25%
|
5
-11%
|
4
-32%
|
3
-12%
|
6
+92%
|
7
+7%
|
10
+45%
|
11
+12%
|
10
-7%
|
12
+16%
|
12
-2%
|
11
-3%
|
10
-7%
|
5
-57%
|
4
-18%
|
8
+118%
|
7
-11%
|
8
+16%
|
(1)
N/A
|
2
N/A
|
(14)
N/A
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(2)
|
(2)
|
(2)
|
8
|
6
|
7
|
14
|
(1)
|
(1)
|
(1)
|
(9)
|
(7)
|
(8)
|
(8)
|
(7)
|
(5)
|
2
|
1
|
1
|
1
|
(8)
|
(8)
|
(8)
|
(8)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(4)
|
(4)
|
(5)
|
(5)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
1
|
(0)
|
0
|
|
| Income from Continuing Operations |
5
|
6
|
6
|
8
|
10
|
(4)
|
(42)
|
(47)
|
(73)
|
(57)
|
(22)
|
(4)
|
17
|
5
|
1
|
(15)
|
5
|
17
|
21
|
23
|
5
|
0
|
1
|
2
|
4
|
4
|
4
|
4
|
5
|
5
|
8
|
8
|
6
|
6
|
5
|
5
|
5
|
5
|
5
|
5
|
4
|
4
|
3
|
2
|
5
|
5
|
7
|
8
|
6
|
8
|
8
|
8
|
7
|
3
|
2
|
5
|
4
|
6
|
(1)
|
2
|
(14)
|
|
| Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
5
N/A
|
6
+7%
|
5
-4%
|
8
+43%
|
10
+29%
|
(4)
N/A
|
(41)
-1 082%
|
(47)
-14%
|
(73)
-55%
|
(57)
+22%
|
(22)
+62%
|
(4)
+81%
|
17
N/A
|
5
-69%
|
1
-87%
|
(15)
N/A
|
5
N/A
|
17
+231%
|
20
+23%
|
23
+11%
|
5
-79%
|
0
-94%
|
1
+243%
|
2
+60%
|
4
+142%
|
4
-1%
|
4
-3%
|
3
-14%
|
5
+42%
|
5
+12%
|
7
+39%
|
8
+7%
|
6
-21%
|
6
+2%
|
5
-16%
|
5
-1%
|
5
-4%
|
5
0%
|
5
+1%
|
5
-6%
|
4
-10%
|
4
-8%
|
3
-32%
|
2
-14%
|
5
+118%
|
5
0%
|
7
+38%
|
7
+3%
|
7
-8%
|
8
+16%
|
8
+1%
|
8
+2%
|
7
-11%
|
3
-60%
|
2
-45%
|
5
+202%
|
4
-12%
|
6
+31%
|
10
+89%
|
13
+21%
|
(2)
N/A
|
|
| EPS (Diluted) |
0.05
N/A
|
0.05
N/A
|
0.04
-20%
|
0.06
+50%
|
0.03
-50%
|
-0.04
N/A
|
-0.4
-900%
|
-0.45
-12%
|
-0.31
+31%
|
-0.44
-42%
|
-0.17
+61%
|
-0.07
+59%
|
0.06
N/A
|
0.05
-17%
|
0
N/A
|
-0.14
N/A
|
0.02
N/A
|
0.17
+750%
|
0.21
+24%
|
0.23
+10%
|
0.02
-91%
|
0
N/A
|
0
N/A
|
0.01
N/A
|
0.01
N/A
|
0.04
+300%
|
0.04
N/A
|
0.03
-25%
|
0.02
-33%
|
0.05
+150%
|
0.07
+40%
|
0.07
N/A
|
0.02
-71%
|
0.05
+150%
|
0.04
-20%
|
0.04
N/A
|
0.02
-50%
|
0.04
+100%
|
0.04
N/A
|
0.04
N/A
|
0.01
-75%
|
0.04
+300%
|
0.03
-25%
|
0.03
N/A
|
0.02
-33%
|
0.05
+150%
|
0.07
+40%
|
0.07
N/A
|
0.02
-71%
|
0.07
+250%
|
0.08
+14%
|
0.07
-12%
|
0.03
-57%
|
0.03
N/A
|
0.02
-33%
|
0.05
+150%
|
0.04
-20%
|
0.02
-50%
|
11.92
+59 500%
|
14.47
+21%
|
-2.37
N/A
|
|