Alterco financial results as of 3rd quarter of 2011 are better and better

15/11/2011

Alterco Group, which is perceived by the market as an alternatives fund, recorded after the third quarter of 2011 consolidated revenues of 65.5 million PLN, and net profit of 8.9 million PLN. After three quarters of 2011 years Alterco Group generated 6.7 million PLN operating profit. Alterco's the net profitability of 13.6% stands out against the background of the companies in the industry. Revenues earned by the Company, exceeded the result obtained in the same period a year earlier more than twice.

Alterco S.A. integrates the commercial real estate market

31/10/2011

On 28 October 2011 Alterco announced the sale through Emir 23, its subsidiary, an office building for a total of 14.2 million euros net. The property, located at 9 Wladyslaw Sikorski Alley in Warsaw. It is a further step in the company's investment commitment in the real estate market showing the company's ability to effectively manage its real estate assets.

Emir 19 has purchased a historical hotel in the heart of Kraków old town from Orbis

19/10/2011

Emir 19 - a company controlled by Alterco Group has purchased Hotel Francuski for 20.5 mln PLN from Orbis.
Alterco has acted as an integrator of the property market. This historical hotel shall be co-operated by a well known restaurateurs - Gessler family.
Effective implementation of the project is possible thanks to unique competence of Alterco - perfect knowledge of the real estate and capital markets.

PBS bank increased its commitment to Alterco equity

13/10/2011

On 13 October 2011 Alterco reported the information about the acquisition of 125 000 Alterco shares by Polski Bank Spółdzielczości SA (Bank of Polish Cooperatives). Since July this year the bank has gradually increased its involvement as a shareholder of Alterco SA . As the result of these actions Polski Bank Spółdzielczości SA (Bank of Polish Cooperatives) is holding 12.28% of the share capital of Alterco. This is another significant qualified investor, who sees the market potential of Alterco SA.

Financial results of Alterco Group for the first half of 2011

1/09/2011

Alterco Group an integrator of the real estate market gained after the first half of 2011 consolidated revenues of 47.9 million PLN, and net profit of 4.5 million PLN. In the first half of 2011, the Alterco Group generated 6.3 million PLN operating profit with net profitability of 9.3%. Excellent knowledge of both the real estate and capital markets allows the Company to achieve better and better financial results. The company recorded 4.5 million PLN net profit compared to 3.7 million PLN loss a year earlier.

PBS bank invests in Alterco SA shares

15/07/2011

On 15 July 2011 Alterco, an integrator of the real estate market, was informed of the acquisition on 13 July of 38 760 Alterco shares by Bank Polskiej Spółdzielczości S.A. With this transaction, the Bank exceeded the threshold of 5% of the share capital of Alterco. This is another significant certified investor, which recognizes the market potential of Alterco.