OREANDA-NEWS. TMM Real Estate Development PLC (FRA: TR61) ("TMM" or the "Company") announces publication of its consolidated financial statements as at 31st December 2012 and for the year then ended. The financial statements were prepared in accordance with IFRS and audited by Ernst & Young Cyprus Limited.

Key Highlights:

USD thousands, unless otherwise indicated

2012

2011

Revenue

29,663

47,307

Gross profit

4,942

5,803

Gross margin, %

16.7%

12.3%

Operating profit / (loss)

-10,247

-4,725

Operating margin, %

neg.

neg.

Profit / (loss) before tax

-21,500

-19,095

Profit / (loss) for the year

-22,187

-19,489

Total assets

361,174

345,065