Until June, the negative results of Teixeira Duarte were fixed at EUR 35.8 million.
According to the company, the accounts “reflect a significant decrease compared to the same period of 2015 despite the improved operating performance of the group companies over the first half of the previous year”, during which achieved a positive net result.
statement, the construction company has two reasons for the poor results.
on the one hand, emphasizes “the variation of the exchange rate differences, which in June 2016 was negative in the amount of 23,723 thousand euros, while in the same period of 2015 were positive at 19,136 thousand euros. “
the company also points out” the negative impact, net
of deferred taxes in the amount of 14,810 thousand euros, the impairment loss on participation the Portuguese Commercial Bank recorded in the first six months of 2016 “. 
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