The commentary of the President of the Management Board of Unibep SA on the results for the first half of 2019.

In the first half of 2019, the sales of Unibep Capital Group reached ­the level of approx. PLN 724 million (-11% year to year) and came with the results of approx. PLN 7.1 million (-71% year to year). The fact to be underlined is that ­both sales and net profit of the Group are in line with the management's projections.

 The net profit decrease ­can be explained by the year to year company's results comparison­ for the same period. Let me remind you that our developer, in the first half of 2018, transferred most of the apartments and premises completed­. At present, Unidevelopment SA will start transferring the greater part of apartments and premises in ongoing investments only in the second half of 2019, what will undoubtedly affect the result of both the company and the entire Group.

This year will be very demanding for the construction industry. That is why we carefully observe the market and occurring changes. We also monitor every project with great attention, analysing it, among others, in terms of liquidity­.

Our targets for 2019 remain unchanged - ­absolutely timely implementation of all contracts ­while ensuring the highest quality. We also remember to take care of stable ­financial standing of our company on a daily basis. This is a priority for us.

Report for the first half of 2019 - here