GTC with €24 mln Q1 net profit

WSE-listed real estate developer GTC had €24.1 million net profit in Q1, down by 25.2 percent y/y, but above €16.4 million consensus. Revenues amounted to €39.5 million, a 30.6 percent growth y/y. Operating profit amounted to €36.9 million, down by 14.4 percent y/y. “We achieved solid results in the first quarter of this year, improving…

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