02.10.2017 18:08:02

DGAP-Ad hoc: TMM REAL ESTATE DEVELOPMENT PLC

DGAP-Adhoc: TMM REAL ESTATE DEVELOPMENT Public Limited: H1 2017 Results Publication

DGAP-Ad-hoc: TMM Real Estate Development Public Limited / Key word(s): Half Year Results
TMM Real Estate Development Public Limited: H1 2017 Results Publication

02-Oct-2017 / 18:08 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, 02 October 2017 - TMM Real Estate Development Public Limited (ISIN: US87260H1041) ("TMM" or the "Company") announces publication of its unaudited interim condensed consolidated financial statements as at 30th June 2017. The financial statements were prepared in accordance with IAS 34 Interim Financial Reporting.

The revenue decreased by 6% y-o-y, amounting to USD 6.5 million (USD 6.9 million in H1 2016). The loss for the period amounted to USD 2.2 million compared to the loss of USD 1.8 million in H1 2016.

Key Financial Highlights:

In USD thousands H1 2017 H1 2016
Revenue 6,514 6,921
Gross profit 978 2,403
Operating profit / (loss) 493 718
Loss before tax -2,384 -1,847
Loss for the period -2,156 -1,800
Total assets 107,136 131,406
Net debt* 50,427 54,649
 

The consolidated financial statements as at 30th June 2017 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


02-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


615235  02-Oct-2017 CET/CEST

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