Archicom sales up by 57% in H1 y/y

Real estate developer Archicom sold 438 apartments in H1 2016, which means 57 percent more than in the same period last year, the company said. In Q1, Archicom 215 sold apartments, while in Q2 the number stood at 223. Earlier, Archicom announced the intention to sell at least 800 units in 2016 and more than 1,000 in 2017. Archicom is a Polish property developer that has been listed on the WSE since March 2016. In 2015, the company recorded a consolidated net profit of PLN 25.6 million and revenues of PLN 156.6 million.