Gant's falling profit

Gant Development posted a net profit of zł.10.4 million in Q1, a drop from zł.12.1 million in the same period last year. Revenues also suffered a loss, falling from zł.319.4 million in Q1 2007 to just zł.296.1 million in Q1 this year.

However, sales of apartments reached a record high standing at 192 flats, while in April alone the company sold 99. Analysts said that Gant is selling its properties below the market average.