José Sáinz Armada

“So Karuna has a net income, and after the net income, we are expecting it to be around 150 million euros in 2017. After that net income, it pays a shareholder loan.”

“Yeah, well, in this quarter, our taxes have been affected by a reversal of approvision thanks to that we have won a court case and also impacted by the fact that the countries with higher tax rates have been lower contribution to our profits.”

“And this is basically because we have, as you know, finished this year with lower debt than what we had expected, so lower 1.5 billion euros at 50.2. this means that we are going to increase a little bit the the the debt amount as we continue to invest um but below uh what we had in our in our plan and that we had in…”