Expand / In 2015 the Seville company delivered 128 homes, while its financial branch sold 9,400 square meters.
Property South earned a net profit of 5.65 billion in 2015, representing an increase of 62.2% compared to 3.48 million the previous year, the company informed the Comisión Nacional del Mercado de Valores (CNMV).
the net turnover climbed a point with 55.8 million euros, while EBITDA increased by 11% and stood at 16.87 million euros.
as for the net financial debt, fell 6.8% to 172 million euros.
During the past year, the Seville real estate rose 38% its pre advantage the recovery of the housing market, to 53.5 million euros. In addition, delivered 128 houses and two shops in different real estate developments located in Seville and its metropolitan area, as well as in Madrid, Cordoba and Marbella.
Since 2014, it has acquired residential plots for 1,500 homes and a building of 206,295 square meters, in line with the objectives set in its 2016-2020 Strategic Plan, which projected a sharp increase in activity.
the main objectives of the roadmap adopted are raising the rate of occupation of their leased assets from 70% today to 90% by the end of the period, reaching a turnover in 2020 of 17.2 million euros.
in the promotional activity, has marked in order to deliver during the plan period to 2,500 homes and achieve a turnover of 630 million, while the management activity
expects to generate in five years revenues of 15 million euros and construction, 220 million.
patrimonial the Insur group maintains its ability to recover its historical occupancy rates in property business, having sold 9,397.4 square meters in the year 2015, in addition to 10,589, 6 square meters in 2014.
the board of the company agreed in December 2015 an interim dividend of 0.06 euros per share and propose to the AGM a final dividend of 0, 07 euros per share.
the company closed the trading session on Friday with an increase of 11.1% to 7.71 euros.
Property South wins 62.2% more after raising sales by 1%
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