trending Market Intelligence /marketintelligence/en/news-insights/trending/yFJokVB1-ULzusFbeAnoVw2 content esgSubNav
In This List

Abadon Real Estate swings to profit in Q3


Private Markets 360° | Episode 2: ESG maturity in private markets (with Josh Green of Novata)

The Cobalt Expansion Drive Is A Copper Story


IPEM 2023: Industry Outlook & Key Takeaways- In Crisis Lies Opportunity


Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Abadon Real Estate swings to profit in Q3

Abadon Real Estate SA said its normalized net income for the third quarter came to 20 groszy per share, compared with a loss of 5 groszy per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.7 million zlotys, compared with a loss of 282,500 zlotys in the prior-year period.

The normalized profit margin rose to 3.9% from negative 4.2% in the year-earlier period.

Total revenue increased year over year to 39.0 million zlotys from 6.7 million zlotys, and total operating expenses rose from the prior-year period to 32.9 million zlotys from 7.2 million zlotys.

Reported net income totaled 2.4 million zlotys, or 29 groszy per share, compared to a loss of 376,000 zlotys, or a loss of 7 groszy per share, in the prior-year period.

As of Nov. 14, US$1 was equivalent to 4.12 zlotys.