Monday , January 30 2023

Parque Arauco will increase revenue by 48% and will increase by 3.2% to September



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Parque Arauco will start well. Chilean group of shopping malls closed the first nine months of the year 65 657.3 mln. Chilean peso ($ 96.6 million), which is 47.7% more than in the same period last year.

From January to September, The company registered a profit 134.792.6 mln. a peso ($ 198.3 million), a 3.2% increase compared to 130,645.2 million pounds ($ 192.2 million) paid in the first nine months of last year.

The total operating profit of Parque Arauco (Ebitda) is USD 96 358.9 million. Chilean peso ($ 141.8 million), which increased by 4.7% in comparison with the first nine months of 2017.

Despite the good work this year, The benefits of shopping centers in Chile rose only 1.2% in the third quarter of the current fiscal year, the remaining 15 930.5 mln. peso ($ 23.4 million).

From July to September, Parque Arauco's business in Colombia increased by 8.1%. The growth in Peru was normal because it only reached 2.8%. Conversely, in Chile, the Group's revenue on the local market dropped by 4% compared to the same period of the previous year, which was dropped by low tourism.

The total sales volume of the Parque Arauco tenants in the third quarter increased by 2% to 446,374 million dollars. Peso ($ 656.9 million). The growth in Colombia was 17.3%, largely due to the degree of maturity of the La Colina shopping mall.

In September, the total area of ​​the group (ABL) increased by 4.2% to 1030.5 thousand square metersincluding 466,500 meters in Chile, 408,500 meters in Peru and 155,500 meters in Colombia.

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