Dom Development posts excellent Q3 results

Revenues amounted to zł.272.7 million, up by 57.4%. "The results are impressive. They significantly exceeded market expectations. We forecasted revenues of zł.235 million and a zł.47 million profit," said Włodzimierz Giller, an analyst with Deutsche Bank. According to the company's president Leszek Piotr Nałęcz, "The profits prove a stable growth trend." After three quarters of this year, Dom Development made a net profit of zł.157.5 million on revenues of zł.674.6 million. Nałęcz declared that there should be no problems in meeting market expectations of achieving a profit exceeding zł.200 million by the end of the year. (Rzeczpospolita, p. B6; Puls Biznesu, p. 14) A.K.