OREANDA-NEWS. April 21, 2016. AS Pro Kapital Grupp Council has on 19.04.2016 approved the audited annual report for the financial year 2015.

Company’s audited and consolidated revenue for financial year 2015 amounted to 18,322 million euros. Compared to the 2014 revenue of 10,335 million euro the revenue increased by 77,3%. Company’s audited net loss amounted to 2,010 million euro, in the year 2014 the Company?s net profit amounted to 21,235 million euro that was significantly influenced by the Management decision to reclassify part of inventories as investment property in fair value.

In 2015 the Company continued with construction works in two of its residential projects, Tondi Residential Quarter in Tallinn and ?altini? Namai in Vilnius. In Tondi Quarter the Company completed the second apartment building with 31 apartments and the works are continuing for the third building. During 2016 the Company intends to start with construction of new buildings in Tondi provided the market sentiment remains positive. In Vilnius an additional building with 19 apartments and business units was completed and the works are continuing for the second building with 44 apartments. In 2015 the Company concluded in addition a projecting and construction agreement for T1 Shopping & Entertainment Centre in Tallinn with AS Merko Ehitus Eesti and the construction works were started. In Riga the Company continued with projecting works for the Tallinas Residential Complex and first stage of Kliversala development project in Riga.