The company posted net profit of RON1.3 million in January through March 2011.
Impact reported a 19% decrease in expenditure to RON7.1 million in the first three months of 2012 and an 18% increase in turnover to RON4.4 million on the year in January through March.
Impact sold and rented out a total of 15 residential units and delivered lots spanning onto nearly 1,800 square meters in the first quarter of 2012.
The company’s first-quarter loss of RON4.3 million includes financial loss of RON2 million, strongly impacted by the depreciation of the Romanian leu against the euro, and operating loss of RON2 million.
On March 31, 2012, the company’s loans stood at nearly EUR19 million, its assets exceeded RON399 million and its net assets stood at around RON297 million.
Impact’s shareholding structure includes Dan Ioan Popp, the company’s founder and general manager, with a 16.5% stake, investment management company East Capital, which owns a 10.1% stake via Cyprus-based Salink Limited, and three ING funds that own the remainder 5.18%.
On the Bucharest Stock Exchange Tuesday, Impact shares traded at RON0.18/share. (EUR1=RON4.4373)