INPRO Group summarized its financial performance after the first 3 quarters of 2016. The company posted revenues of PLN 118.9 million. Net profit after the first 3 quarters of 2016 was PLN 11.6 million. Sales of 289 additional apartments are to be launched in the 4th quarter.
In the first 3 quarters of 2016, the INPRO Group posted sales revenues of PLN 118.9 million, down 11% from the comparative period of 2015. Gross sales profit was PLN 33.2 million and net profit was PLN 11.6 million, compared to PLN 16.4 million the year before. From January to September of this year, the Group handed over a total of 231 apartments.
“Given the low number of development projects we completed by the end of September this year, we consider our performance to be very satisfactory. A significant portion of INPRO Group’s turnover will be generated in the last quarter of 2016” – said Piotr Stefaniak, President of the INPRO SA Management Board.
In the first 3 quarters of 2016, the INPRO Group sold 296 apartments (net pre-sales). In the same period, the Group launched sales of 344 apartments and houses in the Harmonia Oliwska, Golf Park, Optima stage I, Leszczynowe (buildings 19, 20 and 21) projects. By yearend, the Group plans to launch sales of 289 additional apartments and consequently a significant part of its revenues will be generated in the last quarter of 2016.