In comparison to the previous financial year first 6 month, Baltic RE Group Concern in first 6 month period of financial year 2018 has increased its turnover for 16.8%

Group’s operations during the reporting period were focused on the expansion of courses of action, improvement of work organization, which provides stable and consistent operations across all the Group’s business units and the necessary financial support to them. 

The restrictions imposed on AS ABLV Bank by the Financial and Capital Market Commission and AS ABLV Bank notice on self-liquidation in February 2018 did not did not cause any negative economic / financial effects for AS Baltic RE Group and its subsidiaries, nor did it cause operational difficulties.

The Group’s revenue for the six months ended 30 June 2018 is EUR 2 699 685, which increased by 16.8% comparing with the six months ended 30 June 2017. The Group ended the reporting period with a profit of EUR 228 498 respectively

The analysis of the Group’s condensed interim consolidated financial statements shows, that condensed interim consolidated statement of financial position total is EUR 61 891 197.

About AS Baltic RE Group
AS Baltic RE Group business lines are purchase and sale of real estate, its lease and management. The holding is the largest lessor of all-purpose high quality commercial areas with state-of-the-art facilities in Old Riga. AS Baltic RE Group is investing in the Baltics with a long-term view, highly specific vision and a non-speculative approach for the creation of sustainable value.
For more information, please visit - http://www.balticregroup.com
         Dina Abaja
         Member of the Board, authorized person
         Phone: +371 27832796
         E-mail:dina.abaja@balticregroup.com