Shares in Globe Trade Centre fell slightly last week on the Warsaw’s stock exchange, after developer’s second quarter results were announced. The company failed to meet market expectations, posting a loss of €14.5m in Q2 2012, well below estimates for a €1.8m in profits for the period. GTC’s revenue also dropped to €37.5m for the period from €40.9m in the second quarter in 2011. “The results are disappointing. It should be expected that before going public the company would offload more of its assets, while the write-off was made,” said Tomasz Krukowski from Deutsche Bank.
