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Saint Croix’s Profits Soared by 131% in 2021 to €21.8 Million

Saint Croix generated turnover of 24.1 million euros between January and December last year and its operating result amounted to 22.8 million euros.

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Saint Croix Holding Immobilier obtained a profit of 21.8 million euros in 2021, which represents a year-on-year increase of 131.1%, thanks, above all, to the sale of assets, as reported by the company to the National Securities and Market Commission (CNMV) on Monday.

Specifically, the net turnover of the Socimi owned by the Colomer family reached 24.1 million euros, up by 20.4% YoY. In addition, the «Impairment and profit from the disposal of fixed assets» caption (mainly the profit from the sale of goods that a company buys for its activity on a long-term basis but decides to sell) rose from a loss of 229,000 euros two years ago to a gain of 9.1 million euros last year.

Read the full article in Spanish.

Modelo Banner 1 Brainsre 650x250 Noviembre 2024

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