How has Urbi’s financial performance been during the first quarter of 2008?
During the first quarter of 2008, Urbi sold 7,755 units, an increase of 8.2% versus the previous year. Total sales rose 17.6% to reach $2,619.9 million pesos. Gross income grew by 4.0% to $775.7 million pesos. Operating income decreased by 2.6% to reach $504.4 million pesos. EBITDA was $706.5 million pesos, an increase of 18.2% versus the previous year. Finally, net income was $334.1 million pesos, an increase of 8.5% compared to 2007.