Its operating revenue reached RON21.2 million in Jan-June 2023, down 64.3% on the year, mainly due to revenue generated from selling a plot of land in 2022.
Operating expenses plunged 79.1% on the year to RON6 million and the operating profit was a net result of RON15.1 million, down 50.4% on the year.
In the total operating revenues, the company’s turnover rose 5.67% in the first half of 2023 (RON19.6 million), due to a slight increase in the occupancy rate of street-level retail spaces, the diversification of the mix of tenants, the identification of viable rental solutions for locations and office buildings located in non-offering areas.
Practic has a RON730.6 million market value and its largest shareholders are Radu Dimofte (48.5%), International Business & Trading Corporation (32.2%) and Wellkept Group (12%).
PRBU shares have lost 20.7% so far in 2023, amid deals worth RON97,700, but gained 2.5% over the last year, amid deals worth RON130,930, in line with stock market data.