DGAP-Ad-hoc: TMM Real Estate Development Public Limited / Key word(s): Final
Results
TMM Real Estate Development Public Limited announces FY2016 financial
results
03-Jul-2017 / 17:18 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Kyiv, 03 July 2017 - TMM Real Estate Development Public Limited (ISIN:
US87260H1041) ("TMM" or the "Company") announces publication of its
consolidated financial statements as at 31st December 2016 and for the year
then ended. The financial statements were prepared in accordance with IFRS
and audited by KPMG Limited.
The revenue increased to USD 32.9 million from USD 9.6 million in the
previous year. The profit for the year amounted to USD 1.5 million compared
to the loss of USD 17 million in FY2015.
Key Financial Highlights:
USD thousands FY2016 FY2015
Revenue 32,980 9,628
Gross profit 8,973 2,191
Operating profit / (loss) 6,606 -10,916
Profit / (loss) before tax 1,787 -19,948
Profit / (loss) for the period 1,499 -17,010
Total assets 102,058 134,126
Net debt* 48,100 58,861
The audited consolidated financial statements as at 31st December 2016 are
published at the Company's website: www.tmm.ua/en/investors
*- _Net Debt is calculated as total interest bearing loans and borrowings
less cash and cash equivalents_
About TMM:
TMM Real Estate Development Public Limited carries out its main activities
through its wholly owned subsidiary, "T.M.M."-Ltd., Ukraine. "T.M.M."-Ltd.
is a leading Ukrainian real estate development and construction company
delivering residential, office, and commercial real estate projects in Kyiv,
Kharkiv, and other regions. During its history, the company has completed
over 30 projects totalling to around 750 thousand sq m.
For further questions, please contact:
Galyna Posypailo
Investor Relations Manager
galyna.posypailo@tmm.ua
Tel: +380 044 593 07 24
Larysa Chyvurina
Chief Financial Officer
larisa.chyvurina@tmm.ua
Tel: +380 044 593 07 11
03-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory
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(END) Dow Jones Newswires
July 03, 2017 11:18 ET (15:18 GMT)
