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Develia SAStockWatch: Develia real estate on land plot purchase; XTB brokerage Q3 prelims
Warsaw stocks ended the day in the black, with the large-cap WIG20 index up by 0.42% to 2,427.19 pts. The most traded stock, bank Pekao, gained mere 0.61% on turnover of PLN 125.5 mln, followed by copper miner KGHM and e-commerce giant Allegro, which both suffered share price declines. Core European markets closed mixed.
---------------- DEVELIA - Listed real estate developer Develia bought a 0.875 ha land plot property in Warsaw for PLN 45.6 mln gross and intends to build ca. 210 apartments on the premises, Develia said in a market filing.
Develia expects to add those apartments to its sales offer in Q2 2022, the company said.
---------------- XTB - Listed brokerage XTB likely boosted net profit by over 48% y/y to PLN 101.5 mln in Q3 on revenues growing ca. 41% y/y to PLN 196.6 mln, the company said in a market filing with preliminary results.
Q3 2021 | Q3 2020 | Q3 y/y | |
---|---|---|---|
PLN mln | PLN mln | % | |
Revenues | 196,6 | 139,6 | 40,8 |
Operating profit | 111,8 | 79,5 | 40,6 |
Net profit | 101,5 | 68,4 | 48,4 |
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