San José Business Group continues on its good path and is clear about where its market niche is: Spain and construction.
The company obtained a net profit of 10.3 million euros in the first three months of the year, 28.9% more than the same period last year. Profit and gross operating result (Ebitda) grew by 18.3% in this period, reaching 19.8 million euros, with a profitability margin of 5.5%.
In the same vein, as Grupo San José has communicated to the National Securities Market Commission (CNMV), sales skyrocketed by 22%, to 360 million euros.
Of the four lines of business that the group led by Jacinto Rey has, as we have mentioned, the construction It is its best asset: it represents 91.3% of the total turnover, around 329 million euros.
It is followed by Concessions and Services, with another 5.1% and 18.4 million euros. The real estate and energy segments accounted for 0.6% and 0.7% of the business, respectively.
Its construction division was the one that contributed to the improvement in the evolution of activity, growing 28% compared to a year ago, offsetting the fall of 66% in real estate, 44% in energy and 4.6% in concessions.
And its activity in the Spanish market continues to be the spearhead of the company: national market shows great strength, experiencing a growth of 32% compared to the same period of the previous year and representing 85% of the group’s total income in this period, while the turnover obtained in international markets fell by 12%, remaining at 55.2 million euros.
#Colombia
