The value of the agreement exceeds 10% of the net turnover related to the latest annual financial statement, respectively, roughly RON16.15 million, excluding VAT.
“Object of the agreement represents the execution of the construction works regarding the Residential Complex of four blocks of apartments having a height regime of Gf + 10F (326 apartments), with the related interior installations, located in Bucharest, District 1. The price of the Agreement shall become due in stages, depending on the works actually performed by the general contractor according to the Execution and Payment Schedules undertaken by the parties”, Impact said in its report.
RCTI Company SRL was founded in 2010 on the segment of installation works which, due to the experience gained and the professionalism of the company’s staff, also entered the segment of construction works, currently providing turnkey works on a general entrepreneurship basis.
Impact is almost 60% held by Gheorghe Iaciu and 15.9% owned by Andrici Adrian.
Impact shares have been trading up 102.7% since the beginning of 2021, amid deals worth RON48.6 million, with the company reaching a stock market capitalization of RON969 million, per stock market data.
Impact reported a consolidated net loss of RON2.8 million for the first half of 2021, compared with a consolidated net profit of RON8.7 million in the same period in 2020, against the backdrop of revenue from real estate property of almost RON69 million, up 5% on the year, per data from its half-year financial report.