Ipopema Securities reports 2021 results.

Ipopema recorded PLN 13.11 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 29.68 million of profit a year earlier, the company said.

The operating profit was PLN 18.54 million versus PLN 37.56 million a year earlier.

Consolidated sales revenues reached PLN 256.4 million in 2021 compared to PLN 257.99 million a year earlier.

“The past year was characterized primarily by high volatility - despite the coronavirus pandemic, the market situation in the first three quarters of the year was relatively favorable for companies from the Ipopema Group. On the other hand, the fourth quarter, dominated by rising inflation and subsequent interest rate increases, was definitely more difficult for us. While for the entire year, consolidated revenues amounted to PLN 256.4 million and were maintained at a level similar to 2020 (PLN 258 million), the turbulence of the fourth quarter was reflected in the level of consolidated net profit, which amounted to PLN 13.3 million ( compared to PLN 30.2 million in 2020) "- wrote President Jacek Lewandowski in a letter to shareholders.

On a standalone basis, the net profit in 2021 amounted to PLN 9.45 million compared to PLN 11.33 million profit a year earlier.

Ipopema Securities is a financial group listed on the Warsaw Stock Exchange since May 2009.

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