Renta Corporación Real Estate, S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 24, 2021 at 04:03 pm EST
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Renta Corporación Real Estate, S.A. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was EUR 44.519 million compared to EUR 89.550 million a year ago. Operating loss was EUR 5.732 million compared to operating Income of EUR 20.732 million a year ago. Net loss was EUR 8.802 million compared to net income of EUR 17.115 million a year ago. For the quarter, sales was EUR 18.995 million compared to EUR 59.472 million a year ago. Operating loss was EUR 4.805 million compared to operating Income of EUR 14.092 million a year ago. Net loss was EUR 7.508 million compared to net income of EUR 12.039 million a year ago.
Renta Corporacion Real Estate SA is a Spain-based company engaged in the real estate sector. The Company main activities comprise the acquisition, rehabilitation and sale of real estate properties in central locations of major cities. Its properties portfolio includes residential and urban buildings, as well as offices and large-scale property complexes. The Company is a parent of Grupo Renta Corporacion, a group which comprises such entities as Renta Corporacion Real Estate Finance SL, RC Real Estate Deutschland GmbH, Renta Properties (UK) LTD and Medas Corporacion Sarl, among others. On March 27, 2013, the Company entered bankruptcy proceedings. In December 2013, the Commercial Court No. 9 9 declared that the common phase of the proceedings 203/2013, 204/2013, 205/2013 and 206/2013 of the Company, Renta Corporacion Real Estate Finance, Renta Corporacion Real Estate and Renta Corporacion Core Business, was completed. In July 2014, it emerged from insolvency.
RENTA CORPORACIÓN REAL ESTATE, S.A. 
