Audited annual report 2014 and profit allocation proposal
The council of Nordecon AS approved on 21 April 2015 the consolidated audited annual report and profit allocation proposal for the year 2014. 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 shareholders’ net profit of the 2014 financial year is EUR 1,956,000 euros. The balance of retained earnings is 9,758,000 euros. The management proposes to distribute EUR 923,000 (EUR 0.03 per share) as dividends and not to make any transfers to the capital reserve.
The annual report that contains auditor’s report and profit allocation proposal for 2014 is attached to this announcement and made available on NASDAQ OMX Tallinn Stock Exchange’s web page www.nasdaqomxbaltic.com and Nordecon’s web page www.nordecon.com. The annual report can also be read at 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 12 February 2015.
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 2014 was 161 million euros and net profit 2.3 million euros. Currently Nordecon Group employs more than 730 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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