Municipal company SGU registers positive results in 2011

The Municipal Company Urban Management Society (SGU), from Vila Real de Santo António, closed the year 2011 with […]

The Municipal Company Urban Management Society (SGU), from Vila Real de Santo António, closed the year of 2011 with positive net results of 63,769 euros, which represents an exponential growth in relation to 2010.

The values ​​were approved at the general meeting, held last week, which represents an increase in revenue of more than 4,5 million euros.

According to information from the Chamber of VRSA, «the basis of the good performance of the municipal company is the careful management of assets, as well as the effort to control budget».

The company predicts that in 2012 the results will remain positive "due to the exploration of the new motorhome parks and the beginning of operation of the urban rehabilitation area of ​​the historic center of VRSA".

For the mayor of Vila Real de Santo António Luís Gomes, «the numbers indicate a policy of balance», a goal that is supported «by the Financial Containment Plan in force for more than half a year and which allowed the municipal coffers to have greater savings to one million euros'.

«In addition, the municipal company has assets that reach around 100 million euros, which, in the long term, minimizes and gives sustainability to the results of past years», concludes Luís Gomes.

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