“The Group sold 68 dwellings during the first semester of 2024, in total value of approximately EUR12.2 million. Also, other revenue in total value of EUR 7.5 millions from the intra-group companies were recorded. The gross margin of the group was maintained constant, to 32% during the first semester of 2024, while the gross profit registered at consolidated level was of EUR 6.2 million,” company representatives said in the report.
The company’s revenue surged 65% to RON98 million due to the sale of more expensive residential units in its portfolio, as well as to the extension of the activity of the Group companies. EBITDA plunged 78% to RON11.6 million.
“Net assets value adjusted to market value as at 20 of June 2024 was EUR 255 millions, while the estimated market value of the pre-sold units and available for sale was EUR 132 millions, which will be translated into revenues within the next periods. The leverage ratio as at 30 of June 2024 was 29%”, the report shows.
IMP shares have traded down 13% so far in 2024 and 19% in the last 12 months, ensuring a markeyt value of RON542 million.
The company’s shareholding includes businessman Gheorghe Iaciu, with a 58% ownership stake, and Adrian Andrici, with 11.3%.