MLP Group, a developer of modern warehouse space, generated PLN 34.8 million in revenue in the first quarter of 2019, i.e. 25.5% more than in the corresponding period of the previous year. The Company earned PLN 23 million in operating profit which almost doubled from PLN 13.9 million a year ago. At the same time, MLP Group almost tripled its net profit which increased to PLN 12.9 million, from PLN 4.3 million in the first quarter of 2018. At the end of March 2019, the Company’s equity (net assets) was PLN 827.5 million, i.e. 1.5% more than at year-end 2018, while the value of investment properties increased by 3.9%, to PLN 1.5 billion (EUR 336.3 million).
“We continue to grow our business. Our solid performance comes as a clear confirmation that the strategy focused on maintaining the strong position in Poland and on expanding our business internationally is correct and produces excellent financial results. The lease contract concluded a few days ago with the leader of the German textile industry for over 56,000 m2 also proves that our offer is very well received by the most demanding customers in Europe,” emphasised Mr Radosław T. Krochta, CEO and President of the MLP Group Management Board.
