Lithuania
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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 …
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Merko Ehitus Q3 and 9-month revenue up by one-quarter
Merko Ehitus’s revenue for both Q3 of 2017 and the first 9 months of the year grew by close to one-quarter – Q3 revenue was EUR 86 million and 9-month revenue was EUR 214.8 million. The group’s net profit in Q3 was EUR 3.4 million and the 9-month figure was EUR 6.6 million. During the …
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Merko Ehitus grows both sales revenue and net profit in Q2
Merko Ehitus’s Q2 and first half-year revenue and net profit outpaced the respective figures for last year. Sales revenue in Q2 was EUR 70.7 million and net profit was EUR 2.2 million; while 6-month sales revenue was EUR 128.8 million and net profit was EUR 3.2 million. This year, the group’s contract portfolio has increased …
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Cornerstone laid for the Radisson Blu Hotel Lietuva extension
The radiant Radisson Blu Hotel Lietuva on the right bank of the Neris river in Vilnius is expanding, and on 10 May the cornerstone was laid. The hotel property investors, Norwegian real estate development company Linstow AS, the hotel operator Rezidor Hotel Group and Merko Statyba announced that the new project will add an additional …
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Merko Ehitus increases revenue and profit in Q1
In Q1 of 2017, Merko Ehitus posted revenue of EUR 58.1 million and a net profit of EUR 1 million. Revenue grew both in Estonia and in other home markets, apartment sales picked up as well. In the first quarter, Merko sold 141 apartments compared to 101 in the same period last year. “Our first …