Erbud sees revenues rise

Developer Erbud Group has announced that its Q2 revenues rose by 52.7 percent (to zł.266.2-million) in comparison to Q2 2007, but net profit dropped y/y due to contract delays. The firm's quarterly net profit amounted to zł.5 million, 50-percent lower that in Q2 2007.

Erbud also signed a new, zł.65-million contract in Q2 to build Galeria Twierdza in Kłodzko, in the Lower Silesia voivodship. Erbud Group forecast its revenues for the year at zł.932.5 million and its net profit at zł.51.55 million, and these projections were 53.4 percent and 25.4 percent fulfilled at the end of H1.