The 2022 result comes after the company’s turnover had gone below RON100 million in 2021, compared to RON186 million in 2020.
The 2022 profit of RON13.1 million was also lower, but the number of employees grew by almost 20, up to 92.
The company’s representatives did not return Ziarul Financiar’s call for comment on performance of the business in 2022 and the plans for 2023.
Build Corp is fully owned by entrepreneur George Ivanescu and it became known on the constructions market by collaborating with Iulian Dascalu, another entrepreneur from Iasi and one of the largest real estate developers in Romania.
Build Corp’s projects include, among others, the ones developed by Iulian Dascalu, through Iulius Group, such as the Palas Iasi mixed-use retail and office compound, three of the four shopping malls under the Iulius brand, located in Suceava, Timisoara and Cluj-Napoca, the expansion of Iulius Mall Iasi, as well as Iulius Town, a mixed-use compound of offices and retail spaces developed by the companies Iulius Group and Atterbury Europe in Timisoara (western Romania), within an investment worth EUR220 million.
Build Corp also built a Dedeman hypermarket in Iasi, a storage hall for Farmexim in Iasi too, a Lidl store in Nicolina (Iasi), and other projects, as per data on the company’s website.