Lithuania
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Decision on continuing development projects amid the current global pandemic
The AS Merko Ehitus Group management board has decided to continue the ongoing stages of Merko apartment development projects in Estonia, Latvia and Lithuania but not to launch new developments or new stages of ongoing projects for the next three months. The subsidiaries of the group in Tallinn, Riga and Vilnius currently have about 800 …
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Merko Ehitus net profit for the fourth quarter of 2019 was EUR 9.3 million, proposing to pay 0.6 euros in dividends per share
In Q4 of 2019, Merko Ehitus posted revenue of EUR 99 million and a net profit of EUR 9.3 million, close to a one-third gain over the same period a year ago. In Q4, the revenue generated by the real estate development business area more than doubled compared to 2018 and made up approximately 47% …
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Merko building more than 1,100 apartments in the Baltics
Merko Ehitus posted revenue of EUR 73 million in Q3 and EUR 228 million for the first nine months of 2019. The group’s net profit for Q3 was EUR 2.5 million, and the nine-month net profit was EUR 7 million. The decline in the group’s revenue stems from the completion of major construction projects in …
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Merko Ehitus posted six months’ revenue of EUR 154 million
Merko Ehitus posted revenue of EUR 77 million in Q2 and EUR 154 million for the first six months of 2019. The group’s profit before taxes in Q2 was EUR 4.5 million and profit before taxes for six months was EUR 7.5 million; net profit amounted to EUR 1.7 million and EUR 4.5 million, respectively. …
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Merko Ehitus Q1 profit grew to EUR 2.8 million
In Q1 of 2019, Merko Ehitus posted revenue of EUR 77 million and net profit of EUR 2.8 million. The number of apartments delivered to buyers in Q1 of this year grew more than 20% year-over-year. “Nearly 4% decrease in revenue in the first quarter was expected, considering the trend of decreasing construction orders on …
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Merko Ehitus sales revenue and profit continued growth in Q3
Merko Ehitus Group posted revenue of EUR 115 million in Q3 and the nine-month figure was EUR 299 million. The group’s net profit in Q3 increased to 5.6 million and the nine-month net profit amounted to EUR 12.3 million. This year, Merko Ehitus has launched nine new residential development projects with a total of 840 …
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Business daily VERSLO ŽINIOS: Merko statyba UAB is the leader of Lithuania’s construction sector in 2018
In a ranking compiled by the Lithuanian business daily Verslo Žinios, Merko Statyba UAB achieved and was recognized as the leader of the construction sector in 2018. The comparison of companies in the construction sector considered six indicators from 2017: revenue, profitability, pre-tax profit and annual change in revenue (2017 v 2016), also salaries in …
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Merko Ehitus revenue and net profit in both Q2 and first half-year higher than last year
Merko Ehitus posted higher revenue and net profit figures for Q2 and first six months compared to last year. Revenue in Q2 was EUR 103.3 million and in first half-year EUR 183.7 million; Q2 net profit was EUR 5.6 million and 6-month net profit EUR 6.7 million. The group earned over half of its 6-month …
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Construction volumes’ growth of Merko Ehitus in Q1 of 2018 on par with expectations
Sales revenue of Merko Ehitus in Q1 of 2018 grew to EUR 80.3 million, bolstered by the pre-existing portfolio of construction contracts. The group’s net profit was EUR 1.1 million. In the first quarter, Merko companies signed new construction contracts worth EUR 22 million and the secured order book stood at EUR 292 million. “Considering …
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Merko Ehitus 2017 revenue exceeded EUR 300 million, proposing to pay 1 euro in dividends per share
The revenue figures of Merko Ehitus for both Q4 of 2017 and the entire 12-month period of that year outstripped the totals for the same periods of the previous year by more than a quarter – Q4 sales revenue was EUR 102.8 million and the 12-month figure EUR 317.6 million. The last time sales revenue …