Besalco’s Historic Profits Surpass $44 Billion in Fiscal Year 2023: A Deep Dive into the Company’s Success and Future Expansion Plans

Besalco’s Historic Profits Surpass  Billion in Fiscal Year 2023: A Deep Dive into the Company’s Success and Future Expansion Plans

2024-04-05 15:55:00

Historical profits of more than $44 billion were obtained by Besalco in fiscal year 2023, being one of the topics highlighted at the company’s shareholders meeting that took place this Friday in a hotel in the commune of Las Condes.

Regarding how paradoxical it may sound that the company reaches levels of profits never seen before while the sector tries to emerge from a crisis that has hit hard, the president of Besalco, Raúl Bezanilla, justified the performance: “I believe that this was a decision What Víctor, my brother, took years ago and was to open up to different markets and not be only in the real estate, construction or MOP, but we expanded to different markets, different segments, different clients and also outside the country. That has generated stability for us.”

The company is precisely committed to intensifying this recipe. In the annual report, the president of the society indicated that they are looking for new business areas. After the shareholders meeting – and in conversation with journalists – Bezanilla indicated that they are getting heavily into their own machinery, which has generated a “circular economy.” On the other hand, he highlighted that they have been intensifying mining services with mining tunnels and industrial assembly. Finally, he referred to Peru, where although the presence is in the real estate sector, they have been introducing other types of works.

The general manager of Besalco, Paulo Bezanilla, commented on the difficult moment of the real estate sector in Chile. Although the company does not depend on this subsector, he commented that In any case, they hope that the topic will arise once more, since “we would like to buy many more projects. So we are fine, we are as we are, but we would like to change. We would like it to be that as soon as we see signs that the issue is changing, we are going to go away with everything. But at the moment it seems that not yet.”

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