May 2 (SeeNews) - Romanian real estate developer Impact Group's consolidated net profit plunged to 29.1 million lei ($6.3 million/5.8 million euro) in 2023, from 84.8 million lei in the previous year, the group's parent company Impact Developer & Contractor [BSE:IMP] said on Tuesday.
Impact's consolidated turnover decreased to 171.2 million lei last year, from 219.2 million lei in 2022, it said in a financial report filed with the Bucharest Stock Exchange.
During 2022, the company sold 157 dwellings, generating revenues of 120 million lei, while pre-sales tallied 377 units worth 216 million lei.
The market value of Impact's dwellings available for sale and pre-sold stood at 745 million lei, which will be converted to revenues in the next periods, as per the statement. The company said it also held building permits for 2,693 units with an estimated market value of 1.9 billion lei.
Impact Developer & Contractor's shares traded flat at 0.24 lei as at 1618 CET on Tuesday on the Bucharest bourse.
(1 euro=4.9759 lei)