Fomento de Construcciones y Contratas SA (OTCPK:FMOCF)
$ 10.60647 0.71 (4.95%) Market Cap: 4.47 Bil Enterprise Value: 7.42 Bil PE Ratio: 6.77 PB Ratio: 0.89 GF Score: 81/100
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Q1 2019 Fomento de Construcciones y Contratas SA Earnings Call Transcript

May 09, 2019 / 07:00AM GMT
Release Date Price: $10.21
Miguel Coronel Granado
Fomento de Construcciones y Contratas, S.A. - Director of Management Control & Capital Markets

[Interpreted] Good morning, everyone. My name is Miguel Coronel, Market Director in the group. I'd like to thank you for your presence in this results presentation of the first quarter of the year.

First, let me mention the most relevant numbers. The net profit has reached over EUR 72 million. It's a great increase compared to the same time last year. The 2 main factors that have contributed to this growth have been the good evolution of financial results; financial costs were reduced significantly. You may have seen that the interannual debt has been reduced dramatically, and the equity method companies have also behaved quite well.

If you want, we can look at the P&L account line-by-line, turnover, almost EUR 38 million, 7.9% growth. Good behavior of all the main activities of the group, especially those that have to do with the investment cycle, Construction and Cement, which behaved very well because of the projects we have underway and the behavior of the

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