Montebalito, S.A. Reports Earnings Results for the Half Year Ended June 30, 2022
August 04, 2022 at 05:38 pm IST
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Montebalito, S.A. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was EUR 11.01 million compared to EUR 7.84 million a year ago. Net income was EUR 3.21 million compared to EUR 1.93 million a year ago. Basic earnings per share from continuing operations was EUR 0.1 compared to EUR 0.06 a year ago. Diluted earnings per share from continuing operations was EUR 0.1 compared to EUR 0.06 a year ago.
Montebalito SA is a Spain-based company primarily engaged in the real estate sector. The Company's activities are divided into four business segments: Promotion, Rental, Renewable Energy and Other. The Promotion division is responsible for the development of residential and commercial real estate properties. The Rental segment provides leasing of residential and commercial real estate assets. The Renewable Energy area generates power energy using solar sources. The Other segment includes operations related to touristic and hospitality industry, as well as corporate cash management services. The Company is present in Spain, France, Germany, Romania, Brazil, Chile and Dominican Republic, among others. It owns a number of subsidiaries, such as Meridional Europa SL, Hoteles Balito SA, Montebalito Energias Renovables SL, Fotovoltaica Fuerteventura SL and Meridional Canarias SA.