Sonae Posts Q4 Loss

Portuguese Sonae SGPS

posted a net loss in the fourth quarter. Sonae posted a quarterly loss of 32 million euros ($41 million), versus a year-ago net profit of EUR20 million. Its revenue dropped to EUR1.44 billion from EUR1.52 billion, while earnings before interest, tax, depreciation and amortization fell to EUR169 million from EUR174 million.