Abadon Real Estate with PLN 162 mln revenue in Q1

Abadon RE, the construction arm of the residential developer Murapol holding, recorded over PLN 162.3 million in revenue from sales in Q1 2018, compared to PLN 54.2 million in the corresponding period of last year. Net profit came in at PLN 3.8 million, versus PLN 1.6 million in Q1 2017. The growth is mainly attributable to the increased activity of the Murapol holding. In 2017 Murapol sold 3,605 apartments, up from 3,042 sold in 2016 and 2,400 in 2015. In 2018 the company plans to sell at least 4,000 units.