Chinese industrial companies' profits rise 17.6% through July

The profits of China's major industrial companies rose 17.6% between January and July, compared to the same period last year, despite having slowed compared to the first half, according to official data released today.

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"Meo's revenues increased to 1.297 million euros in the first half"

Meo saw its revenues grow 0.3% to 1.297 million euros in the first half, although in the second quarter it recorded a drop in billing of 4.6% to 648 million euros, reflecting competitive pressure in the consumer segment, offset by the expansion of the energy and business services business. The company highlighted the completion of the sale of 65% of Intelcia and the Covilhã Data Center as part of its portfolio optimization strategy. CEO Ana Figueiredo highlighted the company's "resilience" in a challenging period for the telecommunications sector.

Jornal Económico27/08/26, 18:59

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Second quarter results confirm Meo's resilience - CEO

The CEO of Meo, Ana Figueiredo, states that the second quarter results confirm the company's resilience during one of the most challenging periods the telecommunications sector is experiencing.

SAPO Notícias27/08/26, 18:43

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Fosun more than doubles profit to 217 million in the first half

Fosun, the shareholder of Fidelidade and BCP, more than doubled its profit in the first half of 2024, totaling 217 million euros (1.7 billion yuan), an increase of 160.3% compared to the same period last year. Revenue remained stable at around 11,094 million euros, while investment in innovation and technology grew 16.7% to 4.2 billion yuan. Fidelidade, with 30.1% market share in Portugal, saw its net profit rise 23.8% to 165 million euros, despite losses caused by storms. Chairman Guo Guangchang stated that the strong profit recovery validates the business optimization strategy and that the group is well positioned to accelerate growth.

Jornal Económico27/08/26, 18:41

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Business

  

End of 6x1 schedule drives AI use in sales

The approval of PEC 221/2019 by the Chamber of Deputies, which proposes ending the 6x1 schedule and reducing the maximum workday from 44 to 40 hours per week, is driving companies to invest in artificial intelligence to maintain service and sales capacity. The CNC estimates a 21% increase in the commercial sector's payroll, with a 13% pass-through to consumer prices, while CNI projects a contraction of approximately R$ 76 billion in GDP. The discussion about operational efficiency and reorganization of teams gains momentum in light of the new productivity challenges.

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oglobo27/08/26, 18:38