Urbis nine months net profit grows to € 88.27million to beat forecasts (ES)

Inmobiliaria Urbis SA said net profit grew to € 88.27 million in the nine months to September 30 from € 67.26 million a year earlier, beating forecasts for € 85.6 million.

In a statement, Urbis said total sales grew from € 511.14 million to € 590.82 million, while its gross margin improved from € 149.93 million to € 193.15 million.

The property company said its existing land bank guarantees growth and increased market share until 2008.

Source: Freeman

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