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FINANCIAL INFORMATION FOR THE FIRST QUARTER 2021 1. NET INCOME The net consolidated income was 59 million , compared to € 1 million in the same period of the previous year . This increase is due to the greater income obtained by some of our portfolio companies and the positive performance of the fair value of other financial investments in listed companies . ALBA GRUPO MARCH 2. MOST SIGNIFICANT TRANSACTIONS The main investments and divestments made by Alba in the first quarter of 2021 were as follows : Financial investments in several listed companies for a total amount of € 96.8 million . Sale of a real estate property in Madrid for € 9.0 million . Alba has obtained an IRR of 16.3 % over 21 years . 3. NET ASSET VALUE ( NAV ) Listed holdings Unlisted holdings Real Estate Other assets and liabilities Net cash Net asset value ( NAV ) Number of shares outstanding ( millions ) NAV per share ( € ) Share price ( € ) Millions of Euros 31/03/2021 31/12/2020 2,914 774 304 29 588 4,609 58.2 79.13 42.35 1 2,530 868 313 70 523 4,304 58.2 73.89 38.95 Var . ( % ) 15.2 % ( 10.8 % ) ( 2.9 % ) ( 59.0 % ) 12.4 % 7.1 % 7.1 % 8.7 %