Listed on New Connect, the development company Platinum Properties Group has lowered its forecast for 2012 full year profit. The company now hopes its earnings will reach PLN 12m by the end of 2012, down from the €18m it predicted just few months ago. The announcement comes as the company continues to enter Poland’s main bourse, the Warsaw Stock Exchange. It also follows its decision to delay in the works on Svetly Dali residential investment. According to its most recent audit, the company’s revenues are now predicted to reach just PLN 30m (down from a previously predicted PLN 52m), while the prospects for 2013 have fallen from PLN 103m from PLN 504m.
