Revenues almost doubled to RON41 million in January-March 2024, from RON21.8 million in the same interval of 2023, and the operating profit reached RON4.2 million, from loss of RON4.3 million in Q1/2023, the report shows.
“The Group sold 26 dwellings during the first 3 months of 2024, in total value of approximately EUR4.8 million. Also, other revenue in total value of EUR3.5 millions from the intra-group companies were recorded. The gross margin of the group was maintained constant, to 33% during the first 3 months of 2024. Net assets value adjusted to market value as at 31 of March 2024 was EUR257 millions, while the estimated market value of the pre-sold units and available for sale was EUR 135 millions, which will be translated into revenues within the next periods”, the report reads.
The company has a market value of RON558.3 million and its shares have lost 19% in the last year. Its share capital is 57.8%-owned by Gheorghe Iaciu.