CPD S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
September 29, 2022 at 01:03 pm EDT
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CPD S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PLN 5.45 million compared to PLN 4.89 million a year ago. Net loss was PLN 32.62 million compared to PLN 1.19 million a year ago. Basic loss per share from continuing operations was PLN 3.64 compared to PLN 0.07 a year ago. Diluted loss per share from continuing operations was PLN 3.64 compared to PLN 0.07 a year ago.
For the six months, sales was PLN 10.74 million compared to PLN 9.71 million a year ago. Net loss was PLN 26.47 million compared to net income of PLN 19.93 million a year ago. Basic loss per share from continuing operations was PLN 2.95 compared to basic earnings per share from continuing operations of PLN 1.13 a year ago. Diluted loss per share from continuing operations was PLN 2.95 compared to diluted earnings per share from continuing operations of PLN 1.13 a year ago.
CPD SA, formerly Celtic Property Developments SA, is a Poland-based company that is active in the real estate sector. The Company with its subsidiaries concentrates on on development projects in the market segment of offices and apartments. Its activities include the purchase of lands, on which It constructs apartments or offices, the purchase of existing real properties with a potential for creation of additional value by change of their intended usage, improving of their standard or optimization of their area. The Company has offices in Warsaw, London, Milan and Budapest. It also possesses commercial and residential properties in Montenegro and Hungary. It operates through a number of subsidiaries and sub-subsidiaries, which are based in Sweden, Cyprus, the United Kingdom, Hungary, Italy and Poland.
CPD S.A. 
