Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Salfacorp Falls in Chile on Profit, Concern on Debt Level

Salfacorp SA retreated the most in three months after reporting a 15 percent decline in quarterly profit and as Banco Santander SA expressed concern over the debt of Chile’s largest construction and engineering company.

Salfacorp slumped 3.5 percent to 1,060.5 pesos at the close in Santiago, the biggest loss since Aug. 27. The Ipsa benchmark index retreated 0.1 percent. Salfacorp is the worst performer after Multiexport Foods SA among members of the Ipsa over the past 12 months, with a 22 percent slump.

The company had a profit of 2.9 billion pesos ($6 million) in the third quarter, down from 3.43 billion a year earlier, according to a statement filed yesterday with Chile’s securities regulator.

“Although the company did not breach covenants, we are still concerned about the company’s relatively high debt levels,” Santander analysts Nicolas Khaliliyeh, Francisco Errandonea and Rodrigo Ordonez said in a note to clients today.

IM Trust SA, a Santiago-based brokerage, cut its recommendation for Salfacorp yesterday to hold from buy, saying asset sales have supported the company’s earnings before interest, taxes, depreciation and amortization, or Ebitda, in the past two quarters.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.