Developer Marvipol reported a consolidated net profit of PLN 69.89 million in 2019 against PLN 43.31 million in profit a year earlier, the company said in a report.
“A record net profit of PLN 69.9 million, achieved after a 48 percent increase compared to last year's, to date the highest net result so far, is an objective measure of success, which we achieved. This is not the only record we set in 2019. 942 apartments and flats sold in 2019 are the best result in over 20 years of history of the development segment of our company,” President Mariusz Książek said.
Marvipol Development operates – through special purpose vehicles – in two basic segments: residential, under which it implements multi-family housing projects and warehouse projects, investing in construction and commercialization, and then selling commercialized projects.