The Echo Investment capital group closed H1 2014 with a net profit of PLN 424.8 mln, which was over 40% higher compared to the profit generated in H1 2013. Its net revenue exceeded PLN 223.4 mln and it was 15% lower than its profit in the corresponding period a year earlier (PLN 260,6 mln). The company’s operating profit amounted to PLN 527.1 mln after H1 2014 and it was 7% higher compared to its EBIT at the end of H1 2013.

The revenue generated in H1 2014 by basic market segments which the Issuer operates in was as follows: shopping centres – PLN 158.3 mln, offices and hotels – PLN 40.4 mln, apartments – PLN 20.6 mln, others – PLN 4.1 mln. The total value of Echo Investment capital group"s assets increased by nearly 11% compared to its asset value at the end of H1 2013 and it amounts to PLN 6.35 bln. The equity of the Issuer"s capital group reached a value of PLN 3.18 bln and it was over 16 pct higher compared to its value a year earlier. At the end of H1 2014 Echo Investment"s capital group had PLN 497.8 mln of cash (a growth of nearly PLN 80 mln). Detailed information is available in Echo Investment"s consolidated report for H1 2014: Financial reports 2014