Current Report 4/2016
Only the Polish version of this document is legally binding.
This translation is provided for information only.
Every effort has been made to ensure the accuracy of this publication.
The Management Board of INPRO S.A. with its registered office in Gdańsk (the "Company"), in relation to work on the consolidated financial statements of the INPRO S.A. Group for 2015, informs that the preliminary estimates available to the Management Board and concerning the basic financial data for 2015 considerably deviate from the results achieved in 2014.
Compared to the previous year, the number of completed property development projects and thus the number of premises delivered considerably increased in 2015. The Inpro Group handed over 556 premises against 334 in 2014, an increase by 66%.
The estimated revenues of the Inpro Group for 2015 will be approximately PLN 210 m, which is higher by ca. 40% compared to 2014. At the same time the estimates indicated that the net profit of the Group for 2015 will be approximately PLN 25 m, an increase by ca. 210% y/y.
The actual levels of revenues and profits and a more detailed explanation of the level of deviations of the financial data will be shown by the Company in the financial statements of the INPRO Group for 2015 to be published by way of a periodic report on 21/03/2016.
The knowledge of the Management Board as at the date of this report is based on the assumption that no circumstances will arise or become apparent which could significantly affect the preliminary estimates of the financial results after the publication of this report. The above estimates of the level of the Group's revenues and net profit will be monitored on an ongoing basis until the publication of the period report.
Detailed legal grounds: Article 56 par. 1 item 1 of the Act of 29 July 2005 on public offering, conditions governing the introduction of financial instruments into the organised trading system, and on public companies (the consolidated text: Dz.U. [Journal of Laws] of 2013, item 1382).
