Baltic, Investments, Real Estate

International Internet Magazine. Baltic States news & analytics Thursday, 18.04.2024, 23:37

Net loss of Pro Kapital totals EUR 2.8 mln in Q3

BC, Tallinn, 23.11.2015.Print version
The listed Estonian real estate developer AS Pro Kapital Grupp made a net loss of 2.8 million euros on revenue of 12.9 million euros in the first nine months of 2015, according to unaudited figures published on Friday, cites LETA/BNS.

The group's net loss contracted by 3% while revenue grew 58% year over year, the company told the stock exchange.

 

In the third quarter net loss increased from 900,000 euros a year ago to 1.3 million euros.

 

Presales for Vilnius Saltiniu Namai project and Tallinn's Tondi residential quarter have been successfully continued. At the moment of issuing the interim report, 18 premises out of 19 in Vilnius K7 building have been sold and reservations for 25 apartments out of 44 in K4-1 building have been signed.

 

In Tallinn, Tondi quarter, by the moment of issuing the present report the first building of Marsi Street has been completed, 27 apartments have been handed over to the clients and 4 out of 31 apartments are yet on sale. In the second building 6 apartments have been handed over to the clients, 9 presale agreements have been signed and in the third building 11 presale agreement have been signed.

 

For Kliversala project in Riga 8 presale agreements have been signed out of 49 apartments.






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