Robyg Group posted PLN 35 mln net profit in H12016

Real estate developer Robyg Group in the first half of 2016 noted revenues in the amount of over PLN 197 million (PLN 312 million, including income from joint venture projects). This means an increase of nearly 40 percent compared to the same period in 2015, the company said. Net profit of the Group amounted to over PLN 35 million, while the operating profit over PLN 42 mln, which gives an increase of 158 percent. The Management Board – according to presented forecasts – plans to achieve it goal which is an operating profit of PLN 115 million net in whole 2016. As part of the accepted strategy, the company actively complements its land bank – so far in 2016 Robyg Group has acquired areas in Gdansk and Warsaw with a total area of approx. 12.9 ha for the amount of over PLN 136 million.