Metrovacesa S.A. Reports Earnings Results for the Full Year Ended December 31, 2020
February 23, 2021 at 08:33 pm IST
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Metrovacesa S.A. Announced earnings results for the full year ended December 31, 2020. For the full year, the company announced operating loss was EUR 144.025 million compared to operating Income of EUR 2.596 million a year ago. Net loss was EUR 163.524 million compared to EUR 4.494 million a year ago. Basic loss per share from continuing operations was EUR 1.0798 compared to EUR 0.0297 a year ago.
Metrovacesa SA, formerly Metrovacesa Suelo y Promocion SA, is a Spain-based real estate developer. The Company specializes in construction and sale of sustainable housing, both single-family and multi-family residential properties. Its activities also include promotion, urbanization and parceling of real estate in general, as well as real estate management for own benefit or on behalf of third parties. Its asset portfolio includes more than 6 million square meters of building land across Spain, as well as already developed properties in cities, such as Malaga, Almeria, Cordoba, Barcelona and Madrid, among others.