MLP Group posts PLN 62.6m in revenue for H1

MLP Group posts PLN 62.6m in revenue for H1

Published at: 2018-08-24 10:56 | Author: CIJEurope.com
MLP Group reported PLN 62.6m in revenue in the first quarter of 2018. Its operating profit was PLN 71.6 m, while the company’s net profit totaled PLN 31.5m for the period. MLP Group’s net asset value during the first six months of the year increased 4.4 percent to PLN 758.5 m. The management board is planning for further rapid growth in Poland and Germany. “Our H1 results are very strong. Such major improvement is chiefly the outcome of the profit generated by the revaluation of investment properties totaling PLN 41.8m. This was possible thanks to the completion of industrial space construction projects, the commencement of new investments and the purchase of land in the western part of Poznań. We also benefited from the 4.57-percent strengthening of the euro exchange rate,” said Radosław Krochta, president of the management board.

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