Romreal Limited Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 26, 2020 at 09:19 pm EST
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RomReal Limited announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was EUR 32,000 compared to EUR 43,000 a year ago. Operating loss was EUR 19,000 compared to EUR 64,000 a year ago. Net loss was EUR 13,000 compared to EUR 238,000 a year ago. For the nine months, total revenue was EUR 1.195 million compared to EUR 180,000 a year ago. Operating income was EUR 137,000 compared to operating loss of EUR 159,000 a year ago. Net loss was EUR 520,000 compared to EUR 1.077 million a year ago.
RomReal Limited is a Bermuda-based company, which is focused on the Romanian real estate market. The Company is principally engaged in property investments and development in Romania. The Company owns a portfolio of prime location plots in the Black Sea region, Constanta and Ovidiu. The plots are suited for residential and commercial developments. The total size of the Companyâs Property Portfolio (Land Bank) totaled 219,727 square meters. The Company has approximately six plots, which include Centrepoint, Oasis Residences, Ringroad, Roundabout, Lakeside and Balada Market. The Oasis Residences property is located in the northern part of Ovidiu, on the shore of Siutghiol Lake. The Ringroad site comprises two distinct plots of land separated by the railway. The Lakeside property consists of a 60,183 square meters site. Its subsidiaries include Westhouse Group SRL, Concorde Group SRL, Investate SRL, Westhouse Oasis Residences SRL and Westhouse Lakeside SRL.
ROMREAL LIMITED 
