Real estate developer IMPACT adds 12.8% to nine-month net profit y/y to 16.85 Mill. lei (EUR 4.6 Mill.)

Constructions company Impact Developer & Contractor posted a 12.8 percent advance of nine-month net profit year-on-year to 16.85 million lei after turnover soared 56.4 percent.

Turnover reached 109.3 million lei after the first three quarters over last year’s level of 69.8 million lei. Nine-month net profit in 2007 stood at 14.9 million lei.

Impact’s revenues totaled 176.7 million lei, after a 76.5 percent advance over the first three quarters last year. Spending grew 75.9 percent to 155.3 million lei year-on-year.

The company has a share capital of 200 million lei divided into 2 billion shares a face value of 0.10 lei. Its main shareholders are Dan Ioan Popp with a 27.96 percent stake and Daniela Sandulescu who owns an 11.30 percent stake.

Impact has a market value of 65.2 million lei corresponding to a trading value of 0.0326 lei. Shares are listed at the first tier of the Bucharest Stock Exchange under the symbol IMP.