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Full Year 2019 Fomento de Construcciones y Contratas SA Earnings Call Transcript
Good morning, everyone. Thank you very much to connecting to the results of 2019 FCC Group. I'm Miguel Coronel, the Capital Market and Management Control Director at the FCC Group.
Well, first of all, what I would like to do is to highlight is there has been a good operating performance in all business areas. It's been very positive and sustained throughout the year as you have seen in the previous quarters. And just so -- this has also gone hand-in-hand with a reduction in the finance costs. In this case, the subsidiaries have also held a very important role. All of this has meant that the results -- attributable net profits have been 6% higher. We have achieved EUR 266.7 million, and all of this in spite of the fact that there was an adjustment carried out in the last quarter of 2019 of EUR 70 million in the book value of certain assets in the Cement area on the goodwill together with an increase of the results attributable to the minority interests, which are concentrated
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