Impact goes up on a falling market
Carmen Sandulescu, economic manager of Impact Bucharest said that contributing most in the company’s revenues in the third quarter were the apartments sold within the projects Total and Rubin within the residential complex Greenfield. She said that, generally, the best quarters for the company are the second and the fourth because in the cold season work is harder, wheeas sales are poor in summer time.
At present, Impact is taking the necessary steps to start the construction of a building of housing units in Bucharest. The company announced in May that it will allot in partnership with another investor about 160 million euros for the erection of over 1,900 apartments on a plot of land of 17 ha in northern Bucharest. The works will unfold over 2008-2011.
Impact Developer & Contractor Bucharest is a Romanian company whose activity field are constructions. The company has a market value of 109.7 million euros. The bonds of Impact are traded in the first category of the Commodities Exchange under the symbol IMP.
The main shareholders of the company are Dan Ioan Popp with a 27.96-percent stake and Daniel Sandulescu, who owns 11.30% of the shares. Julius Baer International Equity Fund holds an 8.46-percent stake.