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01.11.2018 17:18:12

DGAP-Adhoc: TMM Real Estate Development Public Limited: H1 2018 Results Publication

DGAP-Ad-hoc: TMM REAL ESTATE DEVELOPMENT Public Limited / Key word(s): Half Year Results
TMM Real Estate Development Public Limited: H1 2018 Results Publication

01-Nov-2018 / 17:18 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.


Kyiv, 1 November 2018 - TMM Real Estate Development Public Limited (ISIN: US87260H1041) ("TMM" or the "Company") announces publication of its unaudited condensed consolidated interim financial statements as at 30th June 2018. The financial statements were prepared in accordance with IAS 34 Interim Financial Reporting.

The revenue increased by 40% y-o-y, amounting to USD 9.1 million (USD 6.5 million in H1 2017). The profit for the period amounted to USD 0.9 million compared to the loss of USD 2.2 million in H1 2017.

Key Financial Highlights:

In USD thousands
H1 2018
H1 2017
Revenue 9,129 6,514
Gross profit 2,343 978
Operating profit / (loss) 1,261 493
Profit / (loss) before tax 1,094 -2,384
Profit / (loss) for the period 934 -2,156
Total assets 104,151 107,136
Net debt* 50,057 50,427
 

The consolidated financial statements as at 30th June 2018 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


01-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


740561  01-Nov-2018 CET/CEST

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