Atal margins better than good

Its consolidated net profit amounted to PLN 41 mln – 76.3 pct higher than a year earlier – while its gross margin was 28.67 pct and its net margin came to 20.62 pct. At the beginning of April Atal published its financial and operational forecasts for 2017. Based on its projected margins and the progress of its projects, the company expects to generate PLN 175–190 mln in consolidated net profit for the shareholders of the parent company. On the basis of its Q1 sales figures, Atal is hoping to secure buyers for 2,700–2,900 apartments.

This year Atal is planning to finish the construction of 23 development projects and the number of apartments handed over should amount to 2,500–2,700. In Q1 the company handed over 501 apartments – 39 pct more than a year ago. Most of the apartments were transferred to owners in Warsaw (147), Kraków (119) and Katowice (114) as well as in Wrocław (89) and Łódź (35). The company secured contracts for 676 apartments in this period – 34 pct more than a year earlier.