Boliga Group Faired Better this Summer than it Expected

September 2, 2020
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When the pandemic began its global spread, companies scrambled to figure out what to do in case the real estate industry crumbled under the pressure. Many companies have continuously run research to keep up-to-date with the varying markets across the world and predict what the near future could entail for them. 

Originally, Boliga Group, a property media group based out of Denmark, had low hopes for the summer months and beyond. Luckily for it, the crisis did not impact them as harshly as it anticipated. 

In fact, the company reported that revenue rose from DKK 24.1 million (approximately USD 3.8 million) to DKK 26.7 million (approximately USD 4.2 million) year-over-year. 

Boliga’s operation earnings increased from DKK 2.0 million (approximately USD 318,000) to DKK 7.0 million (approximately USD 1 million) year-over-year. 

Profit after tax was recorded as DKK 4.2 million (approximately USD 668,000)—up from DKK 1.5 million (approximately USD 238,000) in the first half of 2019.

September 2, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

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