Detail akcie RANK PROGRESS online

Business Summary: RANK PROGRESS SA is a Poland-based company engaged in property investment and development. It operates in two main segments: real estate rental and real estate sales. Its business model is based on purchase of a real estate, land integration, administrative preparation for development, construction works and management or sale of a property. In addition, it also offers a rental space to shopping centers in main cities across Poland. The Company’s client portfolio includes Tesco, Carrefour, H&M, Empik, Leroy Merlin, Metro-Makro Cash & Carry, Praktiker and others. As of December 31, 2011, it operated through 34 subsidiaries. On November 14, 2012, the Company acquired 100% stake in Gemar - Umech Sp. z o.o. On November 16, 2012, the Company acquired a 100% stake in Rank Recycling Energy Sp. z o.o.
Financial Summary: BRIEF: For the six months ended 30 June 2023, RANK PROGRESS SA revenues increased 38% to PLN42.9M. Net income decreased 53% to PLN7.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Investment Property Adjustment increase from PLN10.3M (income) to PLN23M (expense), Interest Expense increase from PLN3.4M to PLN8.1M (expense).