Cavatina recorded PLN 30.27 million of consolidated net profit in Q1 2022 compared to PLN 54.02 million profit a year earlier, the company said in its report.
The operating profit amounted to PLN 54.95 million versus PLN 83.32 million profit a year earlier.
The profit on investment properties was in the first quarter of this year. PLN 64.14 million versus PLN 88.96 million profit a year earlier.
Consolidated revenues from rental and arrangement services amounted to PLN 13.54 million in Q1 2022 compared to PLN 9.54 million a year earlier.
On a standalone basis, the net profit in Q1 2022 amounted to PLN 29.99 million compared to PLN 53.57 million profit a year earlier.
The Cavatina Holding capital group is one of the largest developers of office space operating in Poland. It made its debut on the WSE main market in July 2021.
Source: Cavatina and ISBnews
