Its 2021 turnover was 11% lower than in 2020 as a result of failing to achieve rental income against the backdrop of activity reorganizations and the financial difficulties of third parties, considering the overall economic situation that also includes a decline in sales, the report reads. The operating result was a loss of RON24 million.
The company’s total revenue stood at RON52.7 million in 2021, down 10% from 2020, and expenses reached RON84 million, up 70% versus 2020.
Unirea Shopping Center Bucuresti has a stock market capitalization of RON164 million after its shares have lost 9% since the start of 2022, amid deals worth RON79,564.
Unirea Shopping Center is 80.32% controlled by The Nova Group Investments Romania, a company held in turn by an offshore by the same name from the Netherlands, SIF Muntenia (SIF4.RO) owns 10.83% of the share capital, while 8.85% is free float.