Montebalito, the real estate company controlled by José Alberto Barreras Barreras and his family, 21.3 million euros billed last year, 4.89% more than in 2021. Profit from its operations was 4.11 million compared to 3.2 million in the previous year; According to the presentation of the results published in the National Securities Market Commission.
Spain accounted for 60% and 31% of Montebalito’s turnover in 2022, with the Dominican Republic. Behind it, the less important company has investments in Brazil (4.36%), Romania (3.21%), Morocco (1.38%) and France (0.06%). listed in 2022 Closes sale of Gran Hotel Europa in Dominican Republiccontributed 3.62 million net profit to the income statement.
Although it has kept its numbers and slightly improved, the most notable fact is that the company, which is the founding descendant of the important Vigo shipyards, has greatly reduced the debt of the company. The company’s current debt increased from 12.7 million to 7.6 million and its non-current debt increased from 25.6 million to 18.8 million. This was between January and December of last year, managed to reduce its leverage by 11.9 million euros.
His presentation of his results comes a day after he made a disturbing statement to the National Exchange Commission. Since the beginning of December, Although the share in the stock market appreciated by 60%, it gained 40% in value.. Montebalito contented himself with making sure that “there is no information to justify the increase in daily volume and the increase in share price.” However, in October 2022 the company acknowledged that it had appointed a financial advisor to seek out potential investors interested in tapping into its capital, and that it had “identified a limited number of potentially interested candidates” although “to date”. there is no binding agreement”.
company in 2022 12 cents per dividend, in stock or cash, is reflected in the stock premium. The first half was delivered 697,878 treasury shares and 456,000 euros in February, the second in July 600,000 shares and 684,000 euros in cash.
Deliveries of Montebalito homes in 2023
In the developer segment between the end of 2022 and the beginning of 2023, Montebalito plans completion of a residential project in Vigo and Brazil, this will bring him 11.6 and 2 million euros respectively. In the city of Galicia, the construction of 20 more floors will be completed in the second quarter of the year. The company has two ongoing promotions in Madrid, with a total of 41 homes expected to be completed before the end of the year. In addition, there is a third construction of 32 residences in the capital, which already has a building permit.
Source: Informacion
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