Profil:
Cavatina Holding SACavatina Holding developer net profit in '24 drops to PLN 10.8 mln
Listed office space developer Cavatina Holding's consolidated net profit in 2024 decreased to PLN 10.8 million (EUR 2.5 mln) from PLN 90.5 million (EUR 21.2 mln) a year earlier, while operating profit fell to PLN 93 million (EUR 21.7 mln) from PLN 142.3 million (EUR 33.8 mln), the company said in a press release.
Consolidated profit from investing activities fell to PLN 137.6 million (EUR 32.1 mln) from PLN 198.4 million (EUR 46.3 mln) in the period.
As of January 2024, Cavatina Holding's new business strategy is in place, which includes dynamic growth in the residential market.
"The transformation of Cavatina Holding into a company with a diversified business model has progressed dynamically in 2024. The implementation of the first three residential projects entered a decisive phase. We were also preparing further projects, the construction of two of them having already started at the beginning of 2025," Daniel Draga, deputy CEO of Cavatina Holding, quoted in the release, said.
gaw/ nl/