28 April 2020 – Brainsre.news
The real estate company controlled by Carlos Slim has closed the first quarter with a profit of €3.92 million. It has also announced the novation of its syndicated loan until 2025.
The listed real estate agency, Realia, closed the first quarter of 2020 with a profit of €3.94 million, down by 21.9% compared to the same period a year earlier.
The company, which is dedicated to property development and rental activities, increased its income and operating result (EBITDA); however, the increase in its provisions for Covid-19, which went from a gain of €74,000 to an expense of €1.87 million, weighed down its net result.
Original Story: Brainsre.news
Translation/Summary: Carmel Drake