Duna House Profit Climbs Nearly 70% in Q3

Third-quarter net profit of listed real estate broker Duna House, recently rebranded as DH Group, climbed 68% year-on-year to HUF 1.1 billion, an earnings report released on Monday shows.

Net sales revenue rose 21% to HUF 11.9 billion. Domestic sales reached HUF 1.8 billion, while the Italian business generated turnover of HUF 6.5 billion and revenue in Poland came to HUF 3.5 billion.

EBITDA rose 36% to HUF 1.8 billion. Duna House noted that EBITDA growth was driven by core segments, which increased by HUF 886 million, while the contribution of other segments decreased by HUF 409 million due to large scale handovers of real estate development projects in the base period.

Earnings per share came to HUF 29.6.

Duna House's management said they are confident that the year will close with results exceeding the targets set for this year.

Clean core EBITDA instead of the guidance of HUF 6.0-7.0 billion is expected to close in the range of HUF 7.2-7.7 billion, and after-tax profits instead of the guidance of HUF 2.9-3.6 billion is expected to close in the range of HUF 4.2-4.6 billion.