The Socimi Gmp, controlled by the Montoro family and in which the Singapore sovereign fund hold a stake, closed the first half of 2020 with a profit of 9.2 million euros, which represents a 91.8% drop compared to the same period last year, according to the accounts filed with BME Growth (formerly the MAB).
This significant decrease in the result on its income statement is due to the variation in the fair value of the assets that make up the company’s portfolio. During the first half of the year, the value of assets has fallen by 1.1 million euros; whilst during the first six months of last year the value rose by 89.6 million euros.
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