Dom Development S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 10:44 am IST
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Dom Development S.A. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was PLN 807.913 million compared to PLN 314.141 million a year ago. Operating income was PLN 215.853 million compared to PLN 49.719 million a year ago. Net income was PLN 174.482 million compared to PLN 38.537 million a year ago. Basic earnings per share from continuing operations was PLN 6.9 compared to PLN 1.54 a year ago. Diluted earnings per share from continuing operations was PLN 6.85 compared to PLN 1.53 a year ago.
Dom Development SA is a Poland-based company engaged in the construction and sale of residential real estate. The Company's main activities include housing projects for the mass market, exclusive residences and single-family houses. Dom Development SA cooperates with various banks and independent financial advisors to develop apartment purchase programs, based on mortgage loans. It has one wholly owned subsidiary Dom Development Morskie Oko Sp. z o.o., one affiliated company, Dom Development Grunty Sp. z o.o, active in purchase of real estate for development activities of the Group. The Company also has stake in a joint venture company Fort Mokotow Sp. z o.o. As of December 31, 2011, Dom Development SA was controlled by Dom Development BV, which held a 61.91% stake in the Company. As of December 31, 2011, the Companyâs subsidiary, Dom Development Morskie Oko Sp. z o.o., was liquidated.