It said it had revenues of RON101 million from property sales, down 7.4% on the year.
In 2018, it sold 232 apartments and houses, 14 plots of land and 9 parking spaces totaling 21,988 sqm built area, 19% less than in 2017 when property sales totaled 25,741 sqm, the company said in its earnings report.
End-December 2018, the company’s total assets stood at RON631 million, the same as the year before, while total debt decreased 9%, to RON180 million.
End-December, Impact Developer & Contractor had a stock market value of RON275 million.
At the end of 2018, the company had in progress residential developments in Bucharest and Constanta, each project having different sizes and being in various stages of completion. IMPACT’s activity is dominated by two major projects in Bucharest: the Greenfield residential complex and Luxuria Domenii Residence.
The company is 56.05% owned by Gheorghe Iaciu, while Adrian Andrici owns 15.24%.