sur PREATONI GROUP (EPA:MLPRG)
Pro Kapital's 2024 annual results: a notable drop
PREATONI Group, a player specializing in hospitality and real estate development, has announced the 2024 annual results of its subsidiary AS Pro Kapital Grupp. Turnover reached 18.2 million euros, down from 23 million in 2023. Gross margin stood at 5.4 million euros compared to 7 million the previous year, with a margin rate of 30%.
Regarding projects, significant progress is reported in Estonia with the Kalaranna program. In Latvia, sales of River Breeze Residence have been completed and a new project, Blue Marine, could start in 2025. In Lithuania, Pro Kapital continues the development of Šaltiniu Namai Attico.
However, the net result shows a loss of 2.8 million euros. Cash flows from operating activities are also negative at 10.2 million euros.
R. P.
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