Romanian real estate company Impact earns 14-fold greater profit in 2007

Net profits of Impact Developer & Contractor rose 14-fold last year, according to preliminary financial results delivered by the Bucharest Stock Exchange where the company is listed.

Impact saw net profit reach 77.7 million Euros in 2007 after the company re-evaluated land owned in Bucharest, the Western city of Oradea and Constanta & Neptun on the Black Sea coast.

Impact has a share capital of 200 million LEI divided into two billion shares with a face value of 0.10 LEI and a market value of 652 million LEI. Listed as IMP on the Bucharest Stock Exchange, it last traded at the value of 0.326 LEI.