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Economic information The company activity growth, reached 9’54% in 2007 financial year, because of the development on the ongoing projects. In the same way, new real estate projects have been developed with the participation in other societies of the sector, doubling these investments in 2007.
This activity has not carried out any increase of bank indebtedness, since in 2007 this ratio (creditors/liabilities) reached 87% respect a 90% in the last financial year.
From the net profit before taxes, 9’4 million of euro, 3’1 million of euro were used to pay the corporate income tax, which represents a total annual tax of 32’97%.
The net profit reached 6’34 million of euro, consolidating the obtained results, close to 7 million of euro. This represents a profit margin of 10% over incomes, three points up the same percentage on 2006.
Going on with the reinvestment and growth policy of the company, the Own Funds have increased 18% in the last financial year, tripling them in the last five years.
To sum up according to all these economic indicators, we can see that although the number of delivered houses has been lower, and consequently the annual turnover too, these dwellings have been more profitable due to the result followed in the same line than the last year.
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