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Ettevõte AS Pro Kapital Grupp
Tüüp Korraldatud teave
Kategooria Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Avaldamise aeg 30 jaan 2019 15:40:00 +0200
Manused
ProKapital-10001459931-en.pdf
ProKapital-10001459933-et.pdf
Keeleversioonid
Keel English
Valuuta
Pealkiri AS Pro Kapital Grupp revenues increased by 14 million euros during 2018
Tekst
The  Company has shown growth across  the financial results during the 12 months
of  2018. The total revenue  increased by 99% or  by 14 million euros during the
12 months  of  2018, totalling  to  28.0 million  euros compared to 14.1 million
euros,  including discontinued operations, in the comparable period of 2017. The
total  revenue of  the 4(th) quarter  of 2018 was  6.9 million euros compared to
4.3 million  euros during  the same  period in  2017. Revenues have increased in
real  estate and rent segment due to completion of multiple buildings in Tallinn
and  Riga. The real estate sales revenues  are recorded at the moment of handing
over  the  premises,  therefore  the  revenues  depend  on the completion of the
residential developments.

The  operating  result  of  12 months  in  2018 increased by 19.1 million euros,
totalling  to operating profit of 21.5 million euros, compared to profit of 2.4
million euros, including discontinued operations, during the 12 months of 2017.
The  operating  profit  of  the  4(th) quarter  of  2018 was  16.7 million euros
compared  to 1.2 million euros profit during  the same period of 2017. Operating
result  includes profit  from increase  in fair  value of  investment properties
recorded  at the end of  the reporting period. Total  impact from revaluation in
2018 is 18.0 million euros.

The Company's 2018 12-month net profit was 18 million euros, which was an
improvement of 18.5 million euros compared to 0.5 million euros loss during the
same period of 2017. The net result was significantly influenced by increase in
value of investment property due to completion of T1 Mall of Tallinn. T1, opened
in the 4(th) quarter of 2018, will have significant impact to the future
revenues, as well as completion and sales of ongoing development phases. Pro
Kapital foresees continuous growth through the performance of the company.


Allan Remmelkoor
Member of the Board
+372 614 4920
prokapital@prokapital.ee

Attachment

  * PKG Q4 2018 ENG (https://ml-eu.globenewswire.com/Resource/Download/85f7d80c-
    dcec-40aa-b720-8c1499d68999)