Tallinn, Estonia, 2017-04-03 07:00 CEST (GLOBE NEWSWIRE) --
On 31st March 2017 the Supervisory Board of AS Merko Ehitus approved the annual report 2016 and profit allocation proposal prepared by the Management Board of AS Merko Ehitus. The Supervisory Board decided to present the annual report and profit allocation proposal as prepared by the Management Board for the approval of the general meeting of shareholders.
The financial results for 2016 remain unchanged compared to the preliminary disclosure on 9th February 2017. AS Merko Ehitus consolidated audited revenue was EUR 252.0 million and net profit EUR 6.1 million for the year 2016.
The Management Board has made a proposal for the general meeting of the shareholders to pay dividends to shareholders in the total amount of EUR 7.3 million, which makes EUR 0.41 per share. Retained earnings amount to EUR 107.5 million after the profit allocation.
AS Merko Ehitus audited annual report for 2016 is made available on NASDAQ Tallinn and AS Merko Ehitus website group.merko.ee.
Andres Trink
Chairman of Management Board
AS Merko Ehitus
+372 650 1250
andres.trink@merko.ee
AS Merko Ehitus (group.merko.ee) group consists of Estonia’s leading construction company AS Merko Ehitus Eesti, the Latvian-market-oriented SIA Merks, UAB Merko Statyba that is operating on the Lithuanian market, construction company Peritus Entreprenør AS in Norway and the real estate development business unit along with real estate holding companies. As at the end of 2016, the group employed 797 people and the company’s 2016 revenue was EUR 252 million.
