Unirea Shopping Centerĺs first-quarter profit doubles

Unirea Shopping Center (BSE:SCDM)’s first-quarter net profit doubled year-on-year to 6.15 million lei (€1.49 million), the company said in a filing to Rasdaq market.
In the first quarter 2009, Unirea Shopping Center posted a net profit of 3.45 million lei and turnover of 24.15 million lei.

The company’s turnover dropped 8% in Jan-Mar 2010 to 22.24 million lei (€5.4 million). Revenues rose 5% to 25.95 million lei, while expenditures dropped 13% to 17.83 million lei.

Unirea Shopping Center has a share capital of 7.44 million lei, divided into 2.97 outstanding shares with a face value of 2.5 lei. The company is held by Nova Trade that owns 74.16% interest and SIF Muntenia with 10%.

The company’s market value is 199.5 million lei (€47.9 million), according to latest closing quote.

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