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Shkruar nga Pamfleti
The company 'Nova Construction', which will build the tower behind the Opera and Ballet Theater, is relatively new in this market. Founded in 2012, until 2019 it was little known in the market.
The company's financial balances show that until 2019, the company had a peripheral role in the construction field in Tirana.
The figures reflected by Open Data show that in 2013, the company recorded a profit of almost 6 million ALL. This is not the company's weakest year. In 2019, the company reports only 2 million lek profit, or less than 20 thousand euros.
Things change in 2020, where the company reports a profit before tax 50 times higher than the previous year, or about 100 million ALL.
The positive data continues in 2021, when Nova Construction reports a 65 percent increase in profit compared to 2020 and almost the same increase in 2022.
In total, the company currently has seven major projects under construction or completion in Tirana, with a total construction cost that does not exceed 200 million euros. It is about projects like White Tower, Tirana Entry, or Garden Building.
The figure shows the cost of building these buildings, while their market value after sale exceeds 500 million euros. Calculating a minimum profit margin of 10 percent, as much as the latest data in the construction sector for the profits of 2015, it turns out that the Nova company within three years has increased its profit by 2500 times, breaking every market theory. Even Apple in the first year after the release of the iPhones could not increase profits by more than 30 percent./Vox
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