Atal’s apartment sales, net profit soar in Q1

Image: Atal

Warsaw Stock Exchange-listed developer Atal sold 676 apartments in the first three months of this year, which marks a 34 percent increase on Q1 2016. In March alone, the company offloaded 269 housing units, the best monthly result in its whole history. In Q1 2017, Atal put a total of 736 new apartments in six projects up for sale and had a combined 2461 homes on its offer at the end of the quarter. Also the net profit of the developer soared in the first quarter of the year – it increased by 76.3 percent y/y, to PLN 41 million. The company now expects that its net profit for the whole year 2017 will amount to between PLN 175 million and PLN 190 million.

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