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Urbas’s Profits Soar to €1.1 million Thanks to the Acquisition of Murias

The real estate company multiplied its net result by three to €1.1 million during the first quarter, after purchasing the construction company in March.

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Urbas Grupo Financiero closed the first quarter of 2020 with a net result of €1.1 million, which represented a three-fold increase in the figure for the same period a year earlier, thanks to the acquisition of the Basque construction company Murias in March. That is according to the firm’s consolidated results as presented to the National Securities Market Commission (CNMV).

The company’s turnover amounted to €3.1 million during the first three months of the year, which saw it multiply the figure achieved during the first quarter of 2019 by 25.

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