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Inversiones La Construcción increases 1H16 profits by 542%

Inversiones La Construcción aumenta un 542% sus utilidades en el primer semestre de 2016

Intel ID : 240056
Synopsis

Inversiones La Construcción (BCS:ILC), a Santiago, Chile-based construction company engaged in managing stakes in other companies, registered a profit increase of 542% in 1H16, compared to the same period of 2015, announced the company in a press release issued on 26 August 2016.

Specifically, the company registered profits for USD 380m in 1H16.

In the prospect submitted to the regulator, ILC noted the results follow the improvement in its operational profits and of the operation of its subsidiaries.
(content in spanish)

Inversiones La Construcción (BCS: ILC), empresa con sede en Santiago de Chile dedicada a la construcción y gestión de participaciones en otras sociedades, ha registrado un aumento del 542% en sus utilidades durante el primer semestre de 2016, comparado con el mismo periodo de 2015, ha informado la compañía en un comunicado publicado el 29 de agosto de 2016.

En concreto, la compañía ha obtenido ganancias por USD 380m en el primer semestre de 2016.

En el prospecto de emisión presentado ante la Superintendencia, Inversiones La Construcción ha explicado que los resultados se deben a la mejora de su utilidad operacional y a la operación de sus subsidiarias.

Relevant Documents


Intel ID 240056
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Inversiones La Construcción (ILC)
(31 Dec 2012)
Revenue: EUR 513,91m
Exchange Rate:
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Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

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Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.