J.W. Construction posts higher profit

J.W. Construction Holding reported a profit of PLN 26.1 million in H1 2016, more than five fold in excess of last year's PLN 5.1 million. The company recently posted plans for expansion and of a portfolio diversification. J.W. Construction plans to sell 1,500-2,000 units by the end of the year, with 733 units sold in H1. The volume of sales was 1,097 in 2014 and 1,569 in 2015. In H2 the group will likely start offering two new stages of the "Wrzosowa Aleja" investment in Warsaw  (317 premises), as well as 13 terraced houses in the Capital. " The company wants to retain its sales pace in 2016 and years to come," the H1-report read. J.W. Construction Holding S.A.  was established in 1994, and controls over a dozen companies from the development industry. It has been listed on the WSE since 2007.