Real estate developer Impact Bucharest reported preliminary net profit worth 175bn ROL ($5.24m) for 2002, more than double in nominal terms as compared to the previous year. The company’s revenues followed the same trend, increasing from 255.79 billion ROL in 2001 to 548 billion ROL in 2002. Inflation reached 17.8% last year. The company’s shares, listed on the Stock Exchange, did not surge after the results were announced, as most investors were expecting profits and revenues to double. Share prices went up 1.15%, to 4,400 ROL. ZF
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Double profit for Impact
Real estate developer Impact Bucharest reported preliminary net profit worth 175bn ROL ($5.24m) for 2002, more than double in nominal terms as compared to the previous year. The company's revenues followed the same trend, increasing from 255.79 billion ROL in 2001 to 548 billion ROL in 2002