Although reporting business increases, the developer of the Greenfield and Luxuria neighborhoods in Bucharest comes with a negative quarterly result.
Impact Developer & Contractor achieved consolidated revenues of RON 41.07 million in the first quarter, 88.74 percent higher than the RON 21.76 million of the previous financial year. The company reports a loss of RON 7.50 million, down 7.40 percent from RON 8.10 million.
On March 31, Impact had debts of RON 551.30 million, down 1.35 percent compared to RON 560.73 million at the end of last year.
Impact Developer & Contractor is controlled by the businessman Gheorghe Iaciu in a proportion of 57.76 percent and who also has Adrian Andrici as a relevant shareholder with 11.83 percent.
Source: Profit.ro
