Consolidated results of Echo Investment in Q4 2011

The company’s net profit generated in Q4 2011 amounted to PLN 16.7 mln. In 2011 Echo Investment generated a cumulative profit of PLN 164 mln, which constitutes an over 11% increase compared to 2010. Revenue in 2011 exceeded PLN 404 mln and amounted to PLN 112.44 mln in Q4 alone.

The result generated in Q4 2011 was mainly influenced by the revenue reached in the retail sector - nearly PLN 74 mln as well as the office and hotel sectors – over PLN 25 mln while the residential sector contributed nearly PLN 9 mln.

The total value of the company’s assets amounted to PLN 5.36 bln at the end of December 2011 and the shareholders’ equity level reached PLN 2.05 bln, which constitutes a y-o-y increase of over 9%. Echo Investment held over PLN 566 mln cash and cash equivalents at the end of 2011.

www.echo.com.pl/