Tallinn, Estonia, 2013-04-25 15:30 CEST (GLOBE NEWSWIRE) -- The council of Nordecon AS approved on 25 April 2013 the audited annual report and profit allocation proposal for the year 2012. The council decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders.
Nordecon AS’ net profit of the 2012 financial year is EUR 1,477,000 euros. The balance of retained earnings is 4,563,000 euros. Not to pay dividends from the net profit for 2012 and prior period retained earnings and not to make any transfers to the capital reserve.
The audited annual report that contains auditor’s report and profit allocation proposal for 2012 is attached to this announcement and made available on NASDAQ OMX Tallinn Stock Exchange’s web page www.nasdaqomxbaltic.com and issuer’s web page www.nordecon.com. The annual report can also be read at issuer’s location on Pärnu mnt 158/1, Tallinn.
There were no significant adjustments made in audited annual report compared to the preliminary 12 month interim report published on 13 February 2013.
Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 10 subsidiaries in the Group. The consolidated revenue of the Group in 2012 was 159.4 million euros. Currently Nordecon Group employs more than 700 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.
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