EQS-Adhoc: TMM Real Estate Development PLC Publishes Interim Consolidated Financial Results

EquityStory.RS, LLC-Ad-hoc: TMM REAL ESTATE DEVELOPMENT Public Limited / Key word(s): Half Year Results TMM Real Estate Development PLC Publishes Interim Consolidated Financial Results

2016-09-29 / 17:34 Disclosure of an inside information according to Article 17 MAR. The issuer is solely responsible for the content of this announcement.

Kyiv, 29 September 2016 - 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 2016. The financial statements were prepared in accordance with IAS 34 Interim Financial Reporting.

The revenue increased by 10% yoy to USD 6.9 million, with gross margin for the period increasing to 34% from 24% in 1H 2015. The loss for the period decreased to USD 1.8 million from USD 6.1 million in 1H 2015.

Key Financial Highlights:

US$ thousands, unless otherwise indicated 1H 2016 1H 2015 Revenue 6,921 6,257 Gross profit 2,403 1,525 Operating profit / (loss) 718 -186 Profit / (loss) before tax -1,847 -5,608 Profit / (loss) for the period -1,800 -6,075 Total assets 131,406 166,184 Net debt* 54,649 67,202

The interim condensed consolidated financial statements as at 30th June 2016 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 the Crimea. During the past 21 years the company has completed over 30 projects totaling to around 750 thousand sq m.

For further questions, please contact:

Larysa Chyvurina Galyna Posypailo Chief Financial Officer Investor Relations Manager Tel: +380 044 593 07 11 Tel: +380 044 593 07 24 larisa.chyvurina@tmm.ua galyna.posypailo@tmm.ua

2016-09-29 The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de 507393 2016-09-29

(END) Dow Jones Newswires

   September 29, 2016 11:34 ET (15:34 GMT)- - 11 34 AM EDT 09-29-16