solidare presents its annual financial statements for 2016
Consolidated annual result from continuing operations of EUR 2.5 million achieved
Malta, July 13th, 2017: solidare real estate holding plc («solidare ») (MT0000580101 / A1JGT0 / XNH), a real estate company specializing in the growth market of micro-apartments, has published its annual financial statements for the 2016 financial year. The report can be viewed on the company website www.solidare.de in the section “Investor Relations”. The consolidated annual result generated from continuing operations for 2016 totals EUR 2.5 million. After deducting the loss for the period from discontinued operations of EUR 0.1 million, the consolidated profit for the year amounts to EUR 2.4 million.
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|Company:||solidare real estate holding plc|
St. Christopher Street 168
VLT 1467 Valetta
|Phone:||+356/21 22 75 53|
|Fax:||+356/21 22 76 67|
solidare real estate holding plc. is a listed real estate company that specializes in the growth market of micro-apartments, predominantly in Germany. Micro-apartments are furnished residential units with a floor area of between 20 and 50 m², which are mainly rented by singles, students, commuters and the elderly. The principal shareholder and CEO Zeki Yigit has been involved in real estate development for more than 15 years. With around 300 employees, solidare covers the entire value-creation chain from real estate identification, the structuring of the acquisition and financing, the planning and execution of the construction or conversion activities, marketing, ongoing administration and facility management. The Group pursues a dedicated growth strategy that aims at consolidating the market segment and enhancing efficiency by exploiting the comprehensive nature of the internal service portfolio.
This release may contain forward-looking statements based on current assumptions and forecasts made by the management of solidare or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of solidare and its affiliated companies and the estimates given here. Neither solidare nor its affiliated companies assume any liability to update these forward- looking statements or to adapt them to future events or developments.