investor relations
Report concerns:
Preparation of financial results forecast concerning the year 2007
Report’s text:
Acting on the basis of § 5 sect. 1, point 25 of Minister of Finances resolution dated on October 19th 2005 concerning the valid and periodic information conveyed by issuers of securities (Dz. U. dated on 2005, No. 209, poz. 1774), J.W. Construction Holding S.A. with headquarters in Ząbki (“Company”) hereby informs about making on August, 3rd 2007 forecast of consolidated financial results of the Company concerning the fiscal year 2007 and makes the contemplated forecast public.
Forecasted financial results of the Company concerning the fiscal year 2007 (consolidated data):
Revenues from sales 813,1 million PLN
Profit from sales 244,6 million PLN
Operational result 199,5 million PLN
Gross profit 185,4 million PLN
The period, which the forecast of financial results of the Company concerns:
The forecast concerns the fiscal year 2007 which, started on January 1st 2007 and finishes on December 31st 2007.
Basis and significant assumptions of the financial results forecast of the Company:
Results of forecasted issuer’s activity were based on budgets of revenues and costs of developer projects as well as constructing ones and schedules of execution of run constructing activities. Possibility of achieving the forecasted financial results would be dependent on the following factors: (i) gaining adequate administrative decisions (permissions) on dates of assumed investment schedules; (ii) demand on the properties market and shape of apartments’ prices; (iii) prices of building materials and situation on the market of sub-contractors; (iv) keeping estimated profitability of already made investment projects; (v) doing works in accordance to accepted schedules.
Way of monitoring of execution of forecasted Company’s financial results:
Execution of financial results forecast concerning the fiscal year 2007 shall be monitored due to current analysis of financial results of the Company and state of investments’ execution (most of all on the basis of internal Company’s data); results of this analysis shall be summarized quarterly.
Periods in which the Company makes evaluation over possibilities of forecasted financial results execution:
The Company will make evaluation over possibilities of forecasted financial results execution (concerning the year 2007) quarterly. Potential modifications in Company’s financial results forecast (by at least 10%) shall be made public as a correction of this forecast in form of current report.