MLP Group reports a net profit of nearly PLN 100 million
The MLP Group, an industrial developer, generated PLN 141.5 million in revenues in 2018, up 36.3% vs. last year. The Group’s operating profit nearly tripled in 2018 to PLN 151.1 million vs. PLN 55.2 million in 2017. MLP Group’s net profit was PLN 92.4 million, up 95% from last year. At the end of 2018, the industrial developer’s net assets reached PLN 815.4 million, a 12% increase vs. 2017. Last year, the value of the Group’s investment properties grew by 24% to PLN 1.44 billion (EUR 334.3 million).
In 2018, the Group signed lease contracts for 169,575 square meters of warehouse and office space. 119,009 square meters of that were leased by tenants under new lease agreements while transactions totaling 55,566 square meters involved renewals by current tenants. Presently, the Group still has 62,000 square meters of warehouses under construction.
Selected financial ratios (2018)
- Return on sales 65,3%
- Current ratio 1,6
- Debt ratio 50,8%
- Return on assets (ROA) 5,6%
- Return on equity (ROE) 11,3%
|MLP Group basic financial data (in million PLN)|
|in million PLN||2014||2015||2016||2017||2018|
|Gain on revaluation of investment property||47,4||19,7||58,3||8,6||88,7|
|Selling and administrative expenses||(40,4)||(42,9)||(54,7)||(56)||(78,9)|
|Total long term liabilities||552,6||403,7||435,1||569,2||757|
|Total short term liabilities||124,0||75,1||67,1||62,5||85,6|
|Total shares (pcs.)||18113255||18113255||18113255||18113255||18113255|