OREANDA-NEWS. ESTA Holding management company has prepared ESTA Group’s audited consolidated financials 2012.

According to the audited consolidated financials, the Group’s total assets grew 22% year on year to make USD 643.9 million (USD 526.7 million in 2011). The Group’s total revenue amounted to USD 36.9 million, which is 18% (USD 5.5 million) more than in the last reporting year. As compared to 2011, EBITDA did not change (a 4% growth) and made USD 5 million, while the Group’s net profit amounted to USD 1.3 million.

“The year of 2012 was an important year in many ways. We launched two big projects – Pushkinsky business centre and Park Inn Donetsk hotel. Besides, we moved into an active phase of reconstruction of Kyiv TSUM shopping mall. Of course, that had an impact on the Company’s financial performance,” commented Yuliya Basistaya, CFO of ESTA Holding. “The growth of key performance indicators comes from the fact that the assets formerly managed by ESTA Holding were brought under umbrella of the Group. Moreover, we invested in major construction of investment property and increased revenues from real estate lease.”

As of 31 December 2012 the Group employed 618 people. Consolidated financials prepared to international auditing standards cover financial data of all companies in ESTA Group’s legal structure.

“We are confident that openness is a key condition for building a really effective business. Therefore ESTA Group has conducted an international audit of financial statements and published its results for the fifth year in a row,” concluded Ms Basistaya.

As in 2011, the audit of ESPV Limited, a parent company of ESTA Group, was carried out by PricewaterhouseCoopers, one of the largest international audit firms.