MADRID, 10 Nov. (EUROPA PRESS) -

Colonial shares plummeted more than 3% on the stock market at 9:30 a.m. after publishing its accounts for the first nine months of this year, when it recorded attributed net losses of 299 million due, in part, to the reduction of 525 million of the valuation of the company's assets and provisions, as published in June.

The company started the trading day down, leading the declines of the Ibex 35, with a fall of 1.86%, to 5.535 euros per share, although minutes later it increased its decline to 3.19%, to 5.46 euros .

Colonial closed the first nine months of the year with a recurring net profit of 129 million euros, 8% more than in the same period of 2022.

Rental income was 279 million euros between January and September, 7% more, while the gross operating result (Ebitda) recorded was 232 million, 13% more.

The president of the company, Juan José Brugera, explained this Thursday in a press conference, together with the CEO, Pere Viñolas, that until September the company had signed rental contracts for 113,000 square meters, 17% less than in the same 2022 period.

Brugera said that these hires have allowed for "historically high" occupancy levels, with 100% in Paris, 97% in Madrid and 86% in Barcelona.

Viñolas assured that the contracts signed so far "point to a record year" and highlighted the paradox that occurs at a time when the role of offices is most questioned, but is when they are most in demand.

The CEO assessed the period as "very positive" and highlighted that income grew despite the divestments made.