Cpd S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
September 28, 2021 at 11:55 am EDT
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CPD S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was PLN 4.886 million compared to PLN 4.701 million a year ago. Operating income was PLN 11.503 million compared to PLN 6.928 million a year ago. Net income was PLN 13.480 million compared to net loss of PLN 7.551 million a year ago. Basic earnings per share from continuing operations was PLN 0.76 compared to basic loss per share from continuing operations of PLN 0.34 a year ago. For the half year, sales was PLN 9.712 million compared to PLN 9.604 million a year ago. Operating income was PLN 20.011 million compared to PLN 10.783 million a year ago. Net income was PLN 19.930 million compared to net loss of PLN 11.936 million a year ago. Basic earnings per share from continuing operations was PLN 1.13 compared to basic loss per share from continuing operations of PLN 0.53 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. 
