Audited annual report 2023 of AS Pro Kapital Grupp
12 Avril 2024 - 6:10PM
UK Regulatory
Audited annual report 2023 of AS Pro Kapital Grupp
The Supervisory Board of AS Pro Kapital Grupp
has approved the company's audited annual report for 2023. Compared
to the unaudited interim report published on 27 February there are
no material differences in the audited report.
In 2023 the turnover of the Company was 23
million euros, which decreased by 42.7 million euros compared to
the previous period. The company's turnover from the sale of real
estate depends on the time of completion of housing developments,
as the sales revenues are recognized at the moment when a notarised
sales contract is entered into and the premises are handed over to
the buyer. In 2023 the real estate revenue decreased compared to
previous year, beacause majority of apartements in Kindrali Houses
and Kalaranna Kvartal in Tallinn were sold and handed over in 2022,
with remaining units being sold in 2023. While the construction of
Kalaranna Kvartal final stage has started, the construction and
delivery of units to clients is expected earliest at the end of
2024.
The Group’s gross profit was 7 million euros
compared to 17 million euros in 2022. The net loss was 900 thousand
euros.
AS Pro Kapital Grupp consolidated annual report
2023 in ESEF format together with independent auditor’s report is
attached to this announcement and will be made available on the
company’s website https://www.prokapital.com/en/financials/
Ann-Kristin Kuusik
CFO
AS Pro Kapital Grupp
Phone: +372 614 4920
prokapital@prokapital.ee
- asprokapitalgrupp-2023-12-31-en_
- PKG Annual Report 2023
Pro Kapital Grupp As (LSE:0QCX)
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