Dom Development posts best ever Q2 result
"This is the result of the bull market in 2006 and H1 2007. Gross margins were also record high and reached 41.5 percent," said Leszek Piotr Nałęcz, deputy president of the firm.
In Q2 the firm sold 352 apartments, while the full year forecast was reduced from 1,500 to 1,000-1,300 and due to this the firm decided to halt 11 investments planned for 2009-2010.
The firm also informed about acquiring new land in Warsaw at a cost of zł.100 million, which will see the creation of the most luxury residential complex in CEE.
Sources: Rzeczpospolita, Parkiet, Puls Biznesu (M.M.)
In Q2 the firm sold 352 apartments, while the full year forecast was reduced from 1,500 to 1,000-1,300 and due to this the firm decided to halt 11 investments planned for 2009-2010.
The firm also informed about acquiring new land in Warsaw at a cost of zł.100 million, which will see the creation of the most luxury residential complex in CEE.
Sources: Rzeczpospolita, Parkiet, Puls Biznesu (M.M.)
