JW Construction has record results and ambitious plans

MG
opublikowano: 14-02-2008, 17:04

Warsaw (Puls Biznesu) – The homebuilder has a  record year over. It promises that this year will be even better and hopes to  sell 3,000 flats.

JW Construction group had PLN 105.1m (EUR 29.1m) of net income in the fourth quarter, or 75.2 percent more than in the same period of 2006. Consolidated sales amounted to PLN 425.17m, and were 84 percent higher than a year earlier. During four quarters of 2007, the group had PLN 148.4m of net income against PLN 132.02m a year earlier and PLN 782.75m of sales against 726.31m. The company exceeded its income forecast by PLN 1.9m while sales were met in 96 percent.

“These are record results which meet the forecasts. This year’s results will be much better, however”, Jerzy Zdrzalka, JW Construction CEO said.

Jozef Wojciechowski, the company’s chairman and the biggest shareholder, said that 30 percent of net income will be spent for dividend. This means PLN 44.5m. The company forecasts PLN 219.7m of consolidated net income and PLN 1,085m of sales.

(PLN 1 = EUR 0.277)

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Podpis: MG

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