CPD S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 28, 2022 at 11:34 am EST
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CPD S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PLN 4.78 million compared to PLN 4.48 million a year ago. Net income was PLN 15.65 million compared to PLN 2.54 million a year ago. Basic earnings per share from continuing operations was PLN 2 compared to PLN 0.21 a year ago. Diluted earnings per share from continuing operations was PLN 2 compared to PLN 0.21 a year ago.
For the nine months, sales was PLN 15.52 million compared to PLN 14.19 million a year ago. Net loss was PLN 10.82 million compared to net income of PLN 22.47 million a year ago. Basic loss per share from continuing operations was PLN 1.26 compared to basic earnings per share from continuing operations of PLN 1.41 a year ago. Diluted loss per share from continuing operations was PLN 1.26 compared to diluted earnings per share from continuing operations of PLN 1.41 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. 
