Dom Development maintains stability

. Its net profit grew by 360 pct y-o-y to PLN 30.2 mln, while its gross margins remained at 25 pct. However, the company estimates that this figure will drop to 22–24 pct. During the first six months of this year the company sold 741 apartments net and handed over 685 apartments to buyers. The company currently has 2,262 apartments on sale. By the end of the year Dom Development intends to launch between three and four new projects. One is to be located in Wrocław while the other three are in Warsaw. The Harfowa estate in Warsaw’s Ochota district is to comprise app. 80 apartments, while the 1,711-apartment project on ul. Powązkowska is scheduled to start at the end of the year. Dom Development is also considering the purchase of the land of the former Pollena factory, which is located near its estate on ul. Klasyków. Jarosław Szanajca, president of the management board of Dom Development has told us that negotiations concerning the factory are still ongoing.