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.