Construction, Estonia, Latvia, Real Estate
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Tuesday, 09.06.2026, 11:08
Estonian Pro Kapital ended 2012 with a loss
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The loss was caused mainly by low remaining stock for sales base and therefore low net sales volume, the company informed the Tallinn stock exchange.
The revenue of the company was 3 million euros, versus 7.1 million euros at the same time last year, or a fall of 57%.
During the first quarter of 2013 Pro Kapital continued the preparations of the real estate development projects planned for the upcoming years. The technical projecting was continued for 3 new projects – Peterburi Rd shopping centre and first part of new stage in Tondi Quarter in Tallinn and Tallinnas Residential Complex in Riga alongside with the preparations for establishing the detail plannings for Kalaranna and Kliversala residental areas in Tallinn and in Riga.
Paolo Michelozzi, the CEO of Pro Kapital: "The company is on track with three main development projects and finalizing the financing issues, the building of market-leading shopping mall on Peterburi Road in Tallinn will start soon with a very satisfactory pre-lending grade."
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