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Urbas Doubles its Profits to September Thanks to the Purchase of Murias and a Mine

The listed company has recovered its value on the stock market this year thanks to the purchase of a construction company and a feldspar mine, which have helped generate an EBITDA of 2.9 million euros.

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One of Urbas’s housing developments.

The real estate company Urbas, which also operates in the mining sector, closed the first nine months of 2020 with an EBITDA of 2.9 million euros, whereby doubling the result obtained during the financial year 2019.

In addition, the acquisition of the Basque construction company Murías in March and its integration into the group continue to have a positive impact on the business, which has also managed to double its turnover to reach 12 million euros.

Read the full article in Spanish.

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