Montebalito, S.A. Reports Earnings Results for the Half Year Ended June 30, 2021
August 04, 2021 at 08:10 am EDT
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Montebalito, S.A. Announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was EUR 7.844 million compared to EUR 6.766 million a year ago. Operating income was EUR 633,000 compared to EUR 222,000 a year ago. Net income was EUR 1.926 million compared to net loss of EUR 3.652 million a year ago. Basic earnings per share from continuing operations was EUR 0.06 compared to basic loss per share from continuing operations of EUR 0.11 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.
MONTEBALITO, S.A. 
