Renta Corporación Leaves the Loss Behind & Gains €29.8 Mn

23/10/2014 – Expansion

Renta Corporacion has registered a net profit of €29.8 million in the first nine months of 2014. During the same period of time in 2013, the company lost €5.6 million. The upturn is mostly due to its building sales from which it earned more than €125 million in total.

The company admits the recent activation of the sector allowed it to seal important deals, expected to close in the last quarter of the year.

Renta Corporacion crawled out from the insolvency process this July and it still has got a €55.4 million debt to pay off.

 

Original article: Expansión

Translation: AURA REE

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