Total Confort construction firm of Bucharest, which built, amongothers, the Blue Tower housing complex of Colentina, which wentbankrupt, last year reached turnover worth around 10m euros, halfthe 2009 level, amid the challenges real estate developers arecoping with.
The decline mainly came as some projects in Total Confort'sportfolio were frozen, as clients were no longer able to getbanking funding or sell a significant number of housing units underconstruction.
"In 2011, it's hard to forecast the trend of turnover. At any rate,the trend of the last three years was for turnover to halve eachyear: from almost 40m euros in 2008 to 20m euros in 2009 and 10meuros last year. We hope the construction market should pick up inthe second half of the year, but for the time being this is only ahope, we're not counting on concrete signals," Daniel Roman, thecompany's manager and one of its shareholders, told ZF.
In 2010, the company stayed in the black, but with a very smallprofit.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
