HomeCompaniesMontebalito R...
globalnpl 650x250 1

Montebalito Records Losses of €1.8 Million in the First Quarter

The listed company recorded losses amounting to €1.8 million during the first quarter of the year.

Residencial de Montebalito en Madrid 1024x576 1
Montebalito’s Mirador de Puerta de Hierro Residence in Madrid.

The listed company Montebalito has closed the first quarter of 2020 with losses of €1.8 million, compared to a profit of €454,000 that it obtained during the same period in 2019, according to the results filed with the National Securities Market Commission (CNMV).

The real estate company recorded revenues of €2.4 million during the three months to March, which represented a 38% drop in its turnover compared to the first quarter of 2019 when it amounted to €3.9 million. In terms of gross operating profit (EBITDA), the firm registered losses of €155,000 in Q1 2020, compared to a profit of €157,000 during the same period last year.

globalnpl 650x250 1

B-Exclusives

Latest news