Unirea Shopping Center sees profit down 18% in Q1

Unirea Shopping Center, which manages two shopping centres by the same name in Bucharest and Brasov, ended the first three months with a 3.5 million-RON profit, down 18.4% compared with that recorded in the same period of 2008, 4.2 million RON. The company’s revenues rose 13%, from 21.9 million RON to 24.1 million RON, while spending saw a higher rise, by 22.5%, from 16.7 million RON to 20.5 million RON, according to Unirea Shopping Center’s financial report, sent to the Bucharest Stock Exchange on Friday. At the end of March, the company’s turnover amounted to 24.1 million RON, 13.7% more than in the first three months of last year, when the company recorded 21.2 million RON in turnover.