Riga, 2018-04-26 15:40 CEST (GLOBE NEWSWIRE) -- On operating results
In the first months of 2018 Capitalia reported turnover of EUR 301 thousand, which is an increase by 3% compared to the respective period in 2017. For the first 3 months of the year profit of EUR 20 thousand is reported. Thanks to successful activities in client attraction, the overall portfolio under management of the Company grew to EUR 5.5 million.
On key events
During the first quarter of 2018 we were focused on attraction of new clients with particular attention to projects that would be suitable for our co-financing platform capitalia.com. This platform has become highly popular among investors and that has ensured that on average each project has been fully financed in just 3 hours. In addition, we have secured 2 mandates for fundraising venture capital for businesses for the total amount of EUR 5 million. This is a good development in our overall strategy to focus more on the finance raising service provision.
On plans for the next quarter
For the following three months the key focus of Capitalia will be to continue implementation of the developed marketing plan. Also, we will publish a new prospectus for a closed bond issue that will be aimed at refinancing outstanding bonds that are maturing in October 25 this year. Furthermore, we will start reorganization to Societas Europaea legal structure by merging both of the daughter and mother companies.
On Capitalia
Capitalia funds small and medium enterprises in Latvia, Lithuania and Estonia. To date Capitalia has financed working capital and investment needs of more than 1000 companies investing over EUR 30 million in growth of these businesses.
Juris Grišins
Manager
Email: juris.grisins@capitalia.com
Phone: +371 2880 0880
