In 2007, the company reported a net profit of 7.325 million euros and 21.234 million euros turnover. In 2008, the profit dropped to 2.755 million euros, while turnover stood 16, 6% below year-ago levels.
“The global financial crisis has severely impacted the sales segment – residential, land and investments – which recorded severe drops, while the lease segment, where companies adopt a long-term and strategic approach had an upward trend”, Bogdan Georgescu (photo), managing partner at Colliers International told Wall-Street.
At the beginning of the year, Colliers said it shut down its residential department and that it reorganized the retail and office divisions.
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului Colliers International's 2008 profit sinks 62.3 percent.