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The Warsaw Voice » Other » March 9, 2018
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Ronson Europe above expectations
March 9, 2018   
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Listed real estate developer Ronson Europe recorded a PLN 9.3 million attributable net profit in 4th quarter 2017, above consensus expectations for a PLN 5.9 million net profit but well down on the prior year period, the developer's financial report showed. Management called out the boost to sales in the year prior period when Ronson sold an full development as well as the irregular booking of progress of its current CitiLink project, the sole joint venture in the group.
Ronson will hand over the keys to some 800 apartments in 2018 and sign sales deals for over 750 units, management said in a statement accompanying the consolidated annual report.
The company expects that its combined sales in Poznan, Szczecin and Wroclaw could meet or exceed the level of sales on the Warsaw market in 2019, head of sales and marketing Andrzej Gutowski told a news conference.
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