In 2017, the net assets of MLP Group rose by 7,5%
As at the end of December 2017, MLP Group, developer of modern warehousing space, had assets at PLN 1.36 billion, and net asset (equity) at PLN 726.7 million, up 7.5% from last year. In the entire year the Group earned PLN 47.3 million in net profit. Its consolidated revenues reached PLN 100.3 million.
In 2017, MLP Group increased the space delivered to tenants by 141,500 square meters to 432,400 square meters. The Group’s vacancy rate was very low at less than 2%. At the same time, as at the end of last year, the Group had tenancy agreements signed for the total space of 501,600 square meters, i.e. 35% more than as at the end of 2016. 72,400 square meters of space was under construction and preparation. At the same time, MLP Group had a land bank allowing for construction of further 970,000 square meters.
Selected financial ratios (2017)
- Return on sales 47,1%
- Current ratio 1,88
- Debt ratio 46,5%
- Return on assets (ROA) 3,5%
- Return on equity (ROE) 6,5%
|MLP Group basic financial data (in million PLN)|
|in million PLN||2013||2014||2015||2016||2017|
|Gain on revaluation of investment property||16,5||47,4||19,7||58,3||8,6|
|Selling and administrative expenses||(39,9)||(40,4)||(42,9)||(54,7)||(52,5)|
|Total long term liabilities||475,7||552,6||403,7||435,1||569,2|
|Total short term liabilities||110,8||124,0||75,1||67,1||62,5|
|Total shares (pcs.)||18113255||18113255||18113255||18113255||18113255|