Romreal Limited Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 27, 2020 at 06:30 pm IST
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RomReal Limited announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was EUR 190,000 compared to EUR 41,000 a year ago. Operating loss was EUR 24,000 compared to EUR 165,000 a year ago. Net loss was EUR 196,000 compared to net income of EUR 138,000 a year ago. For the half year, total revenue was EUR 1.164 million compared to EUR 137,000 a year ago. Operating income was EUR 156,000 compared to operating loss of EUR 96,000 a year ago. Net loss was EUR 507,000 compared to EUR 839,000 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 
