trending Market Intelligence /marketintelligence/en/news-insights/trending/Hdoc5Qrur0koBMoN5DfoQQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Abadon Real Estate swings to loss in Q1


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 3: Transformation of Customer Experience in 2020


Episode 2: Origins of 451 Research - Part 2

Abadon Real Estate swings to loss in Q1

Abadon Real Estate SA said its normalized net income for the first quarter amounted to a loss of 12 groszy per share, compared with 19 groszy per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 667,500 zlotys, compared with income of 1.1 million zlotys in the prior-year period.

Total revenue grew 33.6% year over year to 8.7 million zlotys from 6.5 million zlotys, and total operating expenses grew 27.0% from the prior-year period to 8.9 million zlotys from 7.0 million zlotys.

Reported net income totaled a loss of 1.1 million zlotys, or a loss of 19 groszy per share, compared to income of 1.6 million zlotys, or 28 groszy per share, in the year-earlier period.

As of May 16, US$1 was equivalent to 3.85 zlotys.