Gant in the red
Residentialschedule 03 September 2013
POLAND Gant Development closed the first half with a loss of almost PLN 30.5 mln.
The residential developer’s operating result was also negative at minus PLN 5.1 mln, while its sales revenue reached PLN 84.4 mln – down from PLN 267.2 mln in the same period last year. Due to the company’s financial situation it has announced that it is planning new investments with a degree of caution. Gant’s plans for the near future include starting new projects in Warsaw (Royal House on ul. Jana Kazimierza), Poznań (the Karpia estate) and Wrocław (on ul. Racławick
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