Romreal Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 27, 2021 at 04:08 am EDT
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RomReal Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was EUR 331,000 compared to EUR 190,000 a year ago. Operating income was EUR 31,000 compared to operating loss of EUR 24,000 a year ago. Net loss was EUR 380,000 compared to EUR 196,000 a year ago. For the half year, total revenue was EUR 589,000 compared to EUR 1.164 million a year ago. Operating income was EUR 167,000 compared to EUR 156,000 a year ago. Net loss was EUR 302,000 compared to EUR 507,000 a year ago.
RomReal Limited is a Bermuda-based company, which is focused on the Romanian real estate market. The Company is principally engaged in property investments and development in Romania. The Company owns a portfolio of prime location plots in the Black Sea region, Constanta and Ovidiu. The plots are suited for residential and commercial developments. The total size of the Companyâs Property Portfolio (Land Bank) totaled 219,727 square meters. The Company has approximately six plots, which include Centrepoint, Oasis Residences, Ringroad, Roundabout, Lakeside and Balada Market. The Oasis Residences property is located in the northern part of Ovidiu, on the shore of Siutghiol Lake. The Ringroad site comprises two distinct plots of land separated by the railway. The Lakeside property consists of a 60,183 square meters site. Its subsidiaries include Westhouse Group SRL, Concorde Group SRL, Investate SRL, Westhouse Oasis Residences SRL and Westhouse Lakeside SRL.
ROMREAL LIMITED 
