CPD S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
September 28, 2023 at 12:33 pm EDT
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CPD S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PLN 0.025 million compared to PLN 0.266 million a year ago. Net loss was PLN 2.07 million compared to PLN 32.62 million a year ago. Basic loss per share was PLN 0.36 compared to PLN 3.64 a year ago. Diluted loss per share was PLN 0.36 compared to PLN 3.64 a year ago.
For the six months, sales was PLN 2.57 million compared to PLN 0.589 million a year ago. Net income was PLN 4.07 million compared to net loss of PLN 26.47 million a year ago. Basic earnings per share was PLN 0.63 compared to basic loss per share of PLN 2.95 a year ago. Diluted earnings per share was PLN 0.63 compared to diluted loss per share of PLN 2.95 a year ago.
CPD SA, formerly Celtic Property Developments SA, is a Poland-based company that is active in the real estate sector. The Company with its subsidiaries concentrates on on development projects in the market segment of offices and apartments. Its activities include the purchase of lands, on which It constructs apartments or offices, the purchase of existing real properties with a potential for creation of additional value by change of their intended usage, improving of their standard or optimization of their area. The Company has offices in Warsaw, London, Milan and Budapest. It also possesses commercial and residential properties in Montenegro and Hungary. It operates through a number of subsidiaries and sub-subsidiaries, which are based in Sweden, Cyprus, the United Kingdom, Hungary, Italy and Poland.
CPD S.A. 
