Monday May 12, 05:44 PM
Realia Q1 net falls to 26.7 mln eur vs 41.9 mln on plummeting property sales
MADRID (Thomson Financial) - Realia Business SA (Madrid: RLIA.MC - news) . said net profit fell to 26.7 million euros in the first quarter to March from 41.9 million a year earlier.
In a statement, the property company said revenues fell to 152.9 million euros from 210.2 million, on EBITDA of 69.1 million versus 106.3 million.
EBITDA from its housing and property sales fell 68.0 percent to 24.7 million, it said.
The group's pre-sales during the period by units were down 59.4 percent at 78 units.
Net debt rose to 2.089 billion euros from 1.891 billion a year earlier.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
