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- Financial results
Atrem realised in 2010 its financial prognosis for both the revenue and the net profit.
The revenue of Atrem Capital Group amounted in 2010 to PLN 200,8 million and was higher by 47% compared with the previous year. The mid-year increase of the revenue between 2006 and 2010 was almost 50%. In the fourth quarter of 2010 Atrem achieved revenue of PLN 56,6 million which was by 49% more than in the comparable period of 2009.
Thank to the increase of sales and positive margin politics the Atrem Capital Group can notice further development and higher profits. The net profit of Atrem amounting to PLN 10,7 million was by almost 23% higher than in 2008. Net profitability was 7,8% (to compare with 7,7% in 2008). The mid-year net profit growth between 2006 and 2009 was 46%.
The net profit of the Group amounted in 2010 PLN to 15,5 million which is by almost 45% more than in 2009. The Group produced PLN 19,4 million of the gross profit, exceeding the last year result by 45%. The net profit was in the fourth quarter of 2010 by 1/3 higher than a year ago and totaled PLN 4,5 million. At the same time the gross profit value for the fourth quarter amounted PLN 5,3 million to compare with PLN 2,3 million in 2009.
This significant increase of the Atrem’s financial performance results mainly from more numerous as well as faster than expected realisation of particular projects. Despite the increase of revenue in 2010 the net profitability remains at the similar level. It is possible thank to the scale-effects for instance while purchasing goods or services as well as strict costs control.
The fact of meeting the financial goals and realizing the prognosis proves the strategy adopted by Atrem to be right. The market’s potential, consequently broaden offer and reasonable cost politics allow to look forward to the future and keep the development level.