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 nine months ended 30 September 2023, RANK PROGRESS SA revenues increased 22% to PLN55.7M. Net income decreased 55% to PLN12.1M. Revenues reflect Sale of Properites segment increase from PLN78K to PLN13.2M, Renting of Properties segment increase of 2% to PLN42.5M. Net income was offset by Investment Property Adjustment increase from PLN31.2M (income) to PLN4M (expense), Interest Expense increase from PLN5M to PLN12.1M (expense).