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Montebalito Becomes Profitable Again & Earns €5 Million in 2021

Montebalito's turnover exceeded 26 million euros in 2021, with the development arm contributing 20.6 million euros, up by 197% compared to 2020.

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The listed real estate firm Montebalito earned just over five million euros in 2021, compared to losses of 6.1 million euros the previous year, as reported by the company on Thursday.

Specifically, the company’s turnover exceeded 26 million euros, which represented an increase of 115% compared to the same period (January-December) in 2020. “This result was thanks was significant growth in sales in Brazil and France and the start of housing development sales in Madrid“, explained Montebalito.

Read the full article in Spanish.

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