TGLT S.A. announced earnings results for the six months of 2018. For the six months’ adjusted EBITDA totaled ARS 553 million fueled by the company’s Construction business and the revaluation of the company’s real estate portfolio. Moving on to analysis, gross profit reached a total of ARS 145 million in the six-months period, with construction posting a ARS 252 million profit with an 18.6% margin, partially offset by ARS 120 million impairment in Metra Puerto Norte included in the company’s real estate segment, which Federico has already documented. EBITDA for the six-months period was positive ARS 365.5 million, fueled on one side by ARS 98 million gain related to the sale of Metra Devoto land lot for ARS 6.1 million, with a put back of Astor Caballito to its previous owners for ARS 3.3 million and last, by the mark-to-market of a portion of the company’s real estate assets, mostly land bank, that generated a ARS 430 million gain. Adjusted EBITDA by including results from subsidiaries and excluding interest capitalized in cost of goods sold was ARS 553.5 million with a 27.7% margin of revenue mostly driven by the mark-to-market approach in Venice.