Echo Investment Capital Group closed the 1st half of 2009 with net profit exceeding 71 million PLN, which is 26% higher than in the 1st half of 2008. The value of net revenues exceeded 230 million PLN, over 30% higher than the revenues of the equivalent period in the previous year. The result on operating activities - earnings before tax and interest, EBIT - amounted to 312 million PLN as at the end of the 1st half of 2009, i.e. 427% higher than the value of EBIT as at the end of the 1st half of 2008.

The incomes earned in the 1st half of 2009 are the result of signing final sales contracts in housing projects, and letting of commercial space. EBIT and its 427-percent growth in comparison to the 1st half of 2008 was influenced by fair value adjustment, accounting for EUR and USD currency exchange differences, and the change in net operating income (NOI).
Total value of assets increased by approx. 29% in relation to the value of assets as of the end of the 1st half of 2008, to exceed 1 billion EUR. Value of equity reached nearly 0.4 billion EUR, showing over 10% growth as compared to the result of the equivalent period of the previous year.
As at the end of the 1st half of 2009, Echo Investment Capital Group was holding nearly 140 million PLN of cash.