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San José Leaves Losses Behind With Profits Of €7.3M In 2015

2 March 2016 – El Economista

The San José Group generated a net profit of €7.3 million in 2015, compared with losses of €122.7 million in 2014, according to a statement from the construction and renewable energy company, which stated that its profits before tax rose by 49.5%, to €10.6 million.

The turnover of the group led by Jacinto Rey grew by 15.3% last year, to €536.1 million, thanks to a higher contribution from international construction work, which now accounts for more than half (58%) of revenues.

In fact, the group’s sales in the international market increased by 19% during 2015, to amount to €313.1 million, compared with a lower recovery of 10.4% in the domestic market, where revenues reached €223 million.

San José’s EBITDA stood at €43.8 million, up by 29.6% compared with 2014, whilst its EBIT doubled to exceed €30.7 million.

By business line, the construction segment contributed €442.1 million to the company’s sales, up by 15.8% compared with the previous year, meanwhile the concessions and services division recorded revenues of €46.6 million, up by 12.3%, driven by the definitive approval and launch of the concession phase of its hospitals in Santiago de Chile.

Meanwhile, San José’s sales from its energy division rose by 12.1% in 2015, to reach €12.7 million.

Original story: El Economista

Translation: Carmel Drake