Romreal Limited Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 21, 2019
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RomReal Limited announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was EUR 43,000 compared to EUR 559,000 a year ago. Operating loss was EUR 63,000 compared to operating Income of EUR 19,000 a year ago. Net loss was EUR 238,000 compared to EUR 18,000 a year ago. For the nine months, total revenue was EUR 181,000 compared to EUR 9.356 million a year ago. Operating loss was EUR 159,000 compared to operating Income of EUR 511,000 a year ago. Net loss was EUR 1.076 million compared to net income of EUR 439,000 a year ago.
RomReal Limited is a Bermuda-based company, which is focused on the Romanian real estate market. The Company is principally engaged in property investments and development in Romania. The Company owns a portfolio of prime location plots in the Black Sea region, Constanta and Ovidiu. The plots are suited for residential and commercial developments. The total size of the Companyâs Property Portfolio (Land Bank) totaled 219,727 square meters. The Company has approximately six plots, which include Centrepoint, Oasis Residences, Ringroad, Roundabout, Lakeside and Balada Market. The Oasis Residences property is located in the northern part of Ovidiu, on the shore of Siutghiol Lake. The Ringroad site comprises two distinct plots of land separated by the railway. The Lakeside property consists of a 60,183 square meters site. Its subsidiaries include Westhouse Group SRL, Concorde Group SRL, Investate SRL, Westhouse Oasis Residences SRL and Westhouse Lakeside SRL.
ROMREAL LIMITED 
