Corporación Financiera Alba obtained a consolidated net profit of 137.6 M€ in the first quarter of 2015, a 78.2% over the same period of the previous year. This increase was mainly due to the capital gains generated on the sale of 1.47% of ACS and 3.10% of Acerinox.
The Net Asset Value (NAV) of Alba stood at 4,255.2 M€ as of March 31st, 2015, equivalent to 73.06 € per share. Alba’s shares closing price of 45.28 € at the same date implied a 38.0% discount to the NAV per share. The NAV has increased by 16.0% over the quarter.
Alba carried out the following transactions during the first quarter of 2015: