profit

Board member Toni Freixa announced that FC Barcelona has forecast income of €470 million and outgoings of €427.9 million for the coming year. Therefore, the Catalan club would end the current season with a profit of €35.9 million. The 2011/12 season closed with record profits of €48.8 million against a forecast of €21 million. Besides, the Board will ask the members’ delegates at the club’s assembly to authorise the calling of a referendum on the project relating to the future of the Camp Nou.

CaixaBank, the main Catalan financial institution experienced a 12.8% drop in its net profit when compared to 2010. In 2011, it focused on increasing its core capital ratio to 12.5% -one of the highest levels in Europe- to strengthen its inner resources and, at the same time, left generic funds for insolvencies intact, cementing its robust position in the financial sector.

The Catalan multinational company Abertis announced its results for the first three first quarters of 2011. Abertis’ net profit increased by 5.9% compared to the same period in 2010. The Barcelona-based company also announced that the segregation of Saba Infrastructures is complete.

CatalunyaCaixa won 109.1 million euros in 2010, 1.1% less than in 2009. The second Catalan savings bank is the result from the merger of Caixa Catalunya, Caixa Tarragona and Caixa Manresa. The resulting savings bank currently has 6.9% of core capital, far from the needed 10% by next September. The savings bank already announced its plans to become a regular bank.

The Catalan company, which manages transport infrastructures, increased its net profit by 6.1% in comparison to 2009. Abertis announced yesterday it would split its business in two different companies.

Despite volcanic ash clouds and air traffic controllers’ strikes The Catalan airline increased its net profit by 66% in comparison with 2009. In 2011, the company plans to increase by 15% its number of flights and passengers.

The net profit for last year illustrates a 0.5% increase in relation to the 2009. The Catalan multinational’s activities in Latin America grew by 30.4%. The energy giant is confident it will reach an agreement with the Algerian company Sonatrach on a pending issue on natural gas price adjustments.

The insurance group of the Catalan savings bank ‘la Caixa’ earned 19,5% more than in 2009. The acquisition of Adeslas is a positive result for the VidaCaixa Grup.

Gas Natural Fenosa made 4,000 million euros more than in 2009, with a profit of 1,117 million euros.

Despite the rise in fuel prices and the dollar as well as the negative effects of the volcanic ash cloud, the Catalan company Vueling has gained a profit of 7.1 million euros in the year?s first trimester.