Vinte's net income increased during 4Q2021
Inmobiliare | February 28, 2022 |

Vinte reported to the Mexican Stock Exchange (BMV) a net profit of 220 million pesos at the end of 4T2021. This represents a growth of 30.9% compared to the previous cycle.

During this period, Vinte's total revenues grew 29.3% compared to the same period in 2020; while EBITDA increased 32.7 percent.

The executive president, Sergio Leal Aguirre, highlighted that 39% of total sales are they gave thanks to their digital channels.

On an annual level, the developer reported a growth of 13.9% in its income, compared to the previous year; while EBITDA increased 10.9% and Net Income 8.2 percent.

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The homeowner indicated that during 4T2021, 1,291 homes increased at an average price of 1.1 million pesos.

In addition, during the year, 3,938 properties were deeded with an average price of 973,400 pesos, giving a growth of 10.7 percent.

In terms of projects, the year ended with 14 assets in Tecámac, Pachuca, Atotonilco de Tula, Querétaro, Puebla, Cancún, Playa del Carmen and Monterrey.

Likewise, a positive operating cash flow was generated reaching 440 million pesos, a record figure for a quarter.

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On the other hand, Vinte made an investment of approximately three thousand 200 million pesos at the end of last year for: infrastructure, urbanization, acquisition of land reserves and housing construction.

In this regard, the housing developer expects to increase this figure by 16% during 2022.

Finally, the company highlighted that they have accumulated more than 5,000 houses during the last five years.

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