Soho Development recorded PLN 1.52 million of consolidated net loss attributable to shareholders of the parent company in Q1 of the financial year 2020/2021 (i.e. October-December 2020) compared to a loss of PLN 1.49 million a year earlier, the company said in the report.
The operating loss amounted to PLN 1.3 million against PLN 1.48 million loss a year earlier. Consolidated sales revenues reached PLN 0.31 million in Q1. 2020/2021 compared to PLN 4.25 million a year earlier. On a standalone basis, the net loss in Q1 2020 amounted to PLN 1.22 million compared to PLN 1.72 million loss a year earlier.
Soho Development is a company listed on the WSE since 1997. The company was established by the minister of privatization acting on behalf of the State Treasury as part of the General Privatization Program (PPP). Currently, the long-term strategy of the fund assumes focusing on development activities based on the owned land bank and the sale of non-strategic assets.
