Poland’s top residential developer JW Construction plans to improve its performance this year, after seeing sales drop at the end of 2012. “Although our sales increased in the fourth quarter of the year, the result was weaker than 2011,” said Małgorzata Szwarc-Sroka, who is responsible for the company’s finances. JWC’s 2012 performance was hit by a series of new investments, according to Szwarc-Sroka, that will be included in the 2013 report.
JWC sold a total of 131 flats between April and June, which generated PLN 6.1m in profits.
According to the business server parkiet.pl, JWC had a PLN 146.3m turnover in the fourth quarter of the year, and a net profit of PLN 11m. It posted PLN 357.6m in revenues at the end of 2012 and PLN 13.5m in profits.
