DGAP-Ad-hoc: TMM Real Estate Development Public Limited / Key word(s): Final
Results
TMM Real Estate Development Public Limited announces FY 2017 financial
results
04-Jul-2018 / 15:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*TMM Real Estate Development Public Limited announces FY 2017 Financial
Results*
*Kyiv, 04 July 2018* - TMM Real Estate Development Public Limited (ISIN:
US87260H1041) ("TMM" or the "Company") announces publication of its
consolidated financial statements as at 31st December 2017 and for the year
then ended. The financial statements were prepared in accordance with IFRS
and audited by KPMG Limited.
The *revenue *decreased to *USD 16.3 million* from USD 32.9 million in the
previous year. The *loss *for the year amounted to *USD 6.1 million*
compared to the profit of USD 1.5 million in FY 2016.
*Key Financial Highlights*:
_USD thousands_ _FY 2017_ _FY 2016_
Revenue 16,343 32,980
Gross profit 1,612 8,973
Operating profit / (loss) -402 6,606
Profit / (loss) before tax -7,482 1,787
Profit / (loss) for the period -6,104 1,499
Total assets 93,454 102,058
Net debt* 49,204 48,100
The audited consolidated financial statements as at 31st December 2017 are
published at the Company's website: www.tmm.ua/en/investors [1]
_*- 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
04-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
701637 04-Jul-2018 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=77ae0cad0b264dccd382bb2a8d1b0e4b&application_id=701637&site_id=vwd&application_name=news
(END) Dow Jones Newswires
July 04, 2018 09:30 ET (13:30 GMT)
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