Despite the general economic situation and particularly in the construction of public works, OCIDE has been in the year 2011 solvency levels similar to pre-crisis years (2007-2008), while it has continued to maintain a considerable rate of return, which has helped to strengthen even more, the company’s financial strength, critical in the current financial situation.
This financial strength allows, despite the logic reduction backlog pending contract execution, resulting from budgetary constraints imposed by the government and has had a major impact on public investment, maintain strong expectations on keeping activity levels and profitability for the coming years.
The solvency rate is maintained OCIDE always positive and stands at 114%, also at similar rates to 2010, as a result of the commitment to shareholders through dividends not, reinforcing the company’s net worth.
The consolidation of our presence in Eastern Europe can mitigate the effect of reduced hiring and volume of activity in the domestic market, contributing very positively to maintain profitability levels.
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