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First six months with lower top-line and a doubling net loss ...

On August 24, Pro Kapital Grupp AS, a leading Estonian developer of commercial and residential real estate in the three Baltic countries of Estonia, Latvia and Lithuania released its unaudited report for the first six months of 2016. The numbers were below our expectations as all key figures were below the comparably high 2015 level flattered by an extremely high level of revenues from sales which had tripled from €2.3 mln in 2014 to €6.0 mln in 2015. The H1/2016 sales number was at €4.4 m...

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