Duna House Q2 earnings rose 19% y.o.y.
Photo by Fabio Balbi/Shutterstock.com
Second-quarter consolidated net income of listed real estate broker Duna House rose 19% year-on-year to HUF 275 million as revenue recovered from a low pandemic base, state news wire MTI saysm citing an earnings report released ahead of the opening bell on Friday.
Net sales revenue jumped 78% to HUF 3.37 billion. Revenue in Hungary increased 56% to HUF 1.14 bln and revenue in the fast-growing Polish market rose 90% to HUF 2.12 bln.
"The outstanding market activity continues to reflect the effects of the changing demand due to COVID-19 and the emerging state family support programs in the Hungarian real estate market," Duna House said.
Based on "excellent" first-half results, Duna House's management raised guidance for full-year after-tax profit to HUF 1.3 bln-1.5 bln, excluding the impact of one-offs.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.