Robyg Group: net profit in Q1 2016 amounted to ca. PLN 14 mln

Robyg Group in first quarter achieved revenues of PLN 123 mln (PLN 156 mln including revenues from joint venture projects). This means an increase of approximately 62% compared with the analogous period in 2015, the company said in a filing. Net profit of ROBYG Group totaled to ca. PLN 14 mln In 2016, ROBYG Group acquired land in Warsaw with a total area of approx. 6.8 ha for the amount of over PLN 83 mln. Robyg has also published financial forecast for 2016. The company expects a consolidated operating profit at the level of PLN 115 million and a recognition in the revenue of approximately 2.800 units, of which 1.600 apartments are implemented by subsidiaries of ROBYG Group, and approximately 1.200 through joint venture projects. ROBYG SA plans to allocate over PLN 52 million for the payment of dividend for 2015 – PLN 0.20 per share which was approved by the Supervisory Board.