i2 Development had PLN 36.45 million of net profit, and PLN 42.65 million of EBIT in 2021

i2 Development recorded PLN 36.45 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 10.73 million profit a year earlier, the company said in the report.

The operating profit amounted to PLN 42.65 million versus PLN 18.45 million profit a year earlier.

Consolidated sales revenues reached PLN 56.76 million in 2021 compared to PLN 214.78 million a year earlier.

"The i2 Development capital group in the period from January 1, 2021 to December 31, 2021 reached PLN 56 764 thousand. PLN of net income from sales, this result is lower due to the fact that this year the group continued sales from 2020 and other investments were in progress ”- we read in the management's report.

"The operating profitability ratio in 2021 increased significantly compared to 2020, reaching 41.48%. The Group achieved operating profit in the amount of PLN 42 648 thousand. zloty. The result was mainly influenced by the value of other operating income - the valuation of real estate investments, which compared to 2020 increased by nearly PLN 40 million "- we read further.

On a standalone basis, the net profit in 2021 amounted to PLN 46.62 million, compared to PLN 1.72 million loss a year earlier.

i2 Development is one of the leading developers on the Wrocław market. The company made its debut on the WSE main market in May 2016.

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