Bog’Art SRL also doubled net profit to RON4.4 million. The average number of employees stood at 375 in 2014, down from 401 in 2013.
The growth was the result of the projects Bog’Art worked on last year. It completed the Green Gate office building in Bucharest developed by Czech Republic’s S Group Holding. It also completed work on a shopping center in Drumul Taberei (west of Bucharest) developed on part of the former Tricodava plant site, which now houses an Auchan hypermarket, a shopping gallery and the offices of the retailer.
Bog’Art’s recent projects also include the structure of Mega Mall, the largest mall opened in Romania in the last five years, as well as the structure of Coresi Shopping Resort, where it worked along with Conarg, a builder held by Valentin Visoiu. Both shopping centers opened this year. Bog’Art is also working on Bucharest One, an office tower due to house Vodafone.
Unlike other construction companies, Bog’Art has not built a reputation on governmental contracts but on private sector contracts mainly.
Bog’Art SRL is one of the largest construction companies in Romania, ranking among the top ten by revenue last year, according to ZF’s “Key players in the economy” yearbook data.
Bog’Art officials did not return ZF’s calls for comment on the growth in revenue and profit last year by press time. (EUR1=RON4.4677)
(English version by Loredana Fratila-Cristescu)