Romreal Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 25, 2021 at 08:30 pm IST
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RomReal Limited announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was EUR 446,000 compared to EUR 428,000 a year ago. Operating loss was EUR 3.457 million compared to EUR 491,000 a year ago. Net loss was EUR 3.439 million compared to EUR 813,000 a year ago. For the full year, total revenue was EUR 1.641 million compared to EUR 608,000 a year ago. Operating loss was EUR 3.321 million compared to EUR 650,000 a year ago. Net loss was EUR 3.958 million compared to EUR 1.890 million a year ago.
RomReal Limited is a Bermuda-based company, which is focused on the Romanian real estate market. The Company is principally engaged in property investments and development in Romania. The Company owns a portfolio of prime location plots in the Black Sea region, Constanta and Ovidiu. The plots are suited for residential and commercial developments. The total size of the Companyâs Property Portfolio (Land Bank) totaled 219,727 square meters. The Company has approximately six plots, which include Centrepoint, Oasis Residences, Ringroad, Roundabout, Lakeside and Balada Market. The Oasis Residences property is located in the northern part of Ovidiu, on the shore of Siutghiol Lake. The Ringroad site comprises two distinct plots of land separated by the railway. The Lakeside property consists of a 60,183 square meters site. Its subsidiaries include Westhouse Group SRL, Concorde Group SRL, Investate SRL, Westhouse Oasis Residences SRL and Westhouse Lakeside SRL.
ROMREAL LIMITED 
