ROBYG Group: Net Profit of PLN 82 Million for 2015
WARSAW, Poland, April 13, 2016 /PRNewswire/ --
ROBYG Group achieved PLN 480 million of revenues in 2015 (PLN 615 million including revenues from joint-venture projects). The company contracted a record number of 2,333 units, allowing it to maintain a high position among Polish stock exchange listed developers. Net economic profit of PLN 107 million was the highest in the company's history, while net profit reached PLN 82 million.
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In 2015, ROBYG Group's unit contracting amounted to 2,333 units, compared with 2,118 contracts signed in 2014 and 1,731 in 2013. Among its offerings in Warsaw and Gdańsk, the company owns a land bank and apartments, which jointly allow for the delivery of over 10,500 units.
"2015 proved to be extremely rewarding for ROBYG Group in terms of its financial results. Net economic profit was PLN 107 million, while net profit reached PLN 82 million, i.e. a 75.3% y-o-y increase. The result of a strong, stable financial condition of the company, which allows for a regular, since 2010, payment of dividends to its Shareholders, is the inclusion of ROBYG Group in the WIGdiv index for dividend companies. The strong position of ROBYG on the market is also confirmed by the 2,333 contracted units in 2015. The number grew by 10% compared with 2014" - said Oscar Kazanelson, Chairman of the Supervisory Board of ROBYG SA.
In January 2016, the Supervisory Board of ROBYG Group approved dividend policy for years 2016-2017. The plan allows for 65%-80% of the consolidated net profit of the Group to be allocated to dividend payment.
"The company expects more than 5,000 hand-overs in 2016 and 2017, and in 2016 alone - with unchanged market trends- contracting of 2,600 units and the handing over of about 2,800 units. In addition, since the first year of its listing on the WSE, ROBYG Group has shared its profits with shareholders. This policy will be continued - in line with the decision of the Supervisory Board, 65%-80% of the consolidated net profit for 2016-2017 will be allocated to dividend" - added Kazanelson.
ROBYG SA - as a result of the annual revision of the index portfolios - has been included in the stock exchange index mWIG40. In addition, ROBYG Group entered the WIGdiv index for dividend companies.
Since its debut on the Warsaw Stock Exchange in 2010, ROBYG SA has been regularly sharing its profits with shareholders.
GENESIS PR
Eliza Misiecka, Magdalena Karpienko
Tel. +48-(607)373-273, +48-(22)327-16-90
E-mail: [email protected]
SOURCE ROBYG Group
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