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Silicius’ Profits Soar to €56 Million After Asset Revaluation

Silicius Real Estate’s revenues rose by 13.7% to €12.8 million during the first half of 2021.

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Silicius Real Estate reported net profits of €56.15 million between January and June this year, up 408.6% from the same period of 2020 (€11.04 million), mainly due to the revaluation of its portfolio. The socimi reported the news to BME Growth.

Specifically, the socimi recorded a “change in the fair value of its investments” of €55.51 million, compared to €8.12 million in the first half of last year.

In addition, Silicius’ net turnover reached 12.76 million euros, up 13.7% from 11.22 million euros in January-June 2020.

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