Edition:
United States

Arco Vara AS (ARC1T.TL)

ARC1T.TL on Tallin Stock Exchange

1.39EUR
21 Aug 2017
Change (% chg)

€0.02 (+1.46%)
Prev Close
€1.37
Open
€1.39
Day's High
€1.39
Day's Low
€1.39
Volume
4,524
Avg. Vol
2,999
52-wk High
€1.45
52-wk Low
€1.00

Latest Key Developments (Source: Significant Developments)

Arco Vara will pay dividend of EUR 0.01 per share on June 16
Monday, 12 Jun 2017 02:21am EDT 

June 12 (Reuters) - ARCO VARA AS ::SAYS WILL CLOSE LIST OF SHAREHOLDERS FOR DIVIDEND PAYMENT ON JUNE 14.SAYS WILL PAY DIVIDEND 0.01 EUR PER SHARE ON JUNE 16.  Full Article

Arco Vara to pay dividends to shareholders 0.01 euros per share
Tuesday, 30 May 2017 03:44am EDT 

May 30 (Reuters) - ARCO VARA AS ::SAYS IT WILL PAY DIVIDENDS TO SHAREHOLDERS 0.01 EUROS PER SHARE.SAYS TO INCREASE SHARE CAPITAL OF CONDITIONALLY BY ISSUING UP TO 12 CONVERTIBLE BONDS WITH NOMINAL VALUE OF 500 EUROS EACH.SAYS THAT NET PROFIT OF ARCO VARA GROUP FOR YEARS 2017-2019 IS AT LEAST 5.5 MILLION EUROS.SAYS CONVERTIBLE BONDS WILL GIVE OWNERS RIGHT TO SUBSCRIBE FOR TOTAL OF UP TO 200,000 SHARES OF FOR 0.7 EURO PER SHARE STARTING FROM MAY 10 2020 TO DEC. 31, 2020.  Full Article

Arco Vara pay sdividends to shareholders 0.01 euros per share
Friday, 12 May 2017 02:51am EDT 

May 12 (Reuters) - ARCO VARA AS ::TO PAY DIVIDENDS TO SHAREHOLDERS 0.01 EUROS PER SHARE.  Full Article

Arco VARA Q1 group's EBIT loss up at 0.3 million euros
Thursday, 11 May 2017 09:39am EDT 

May 11 (Reuters) - Arco Vara AS ::Q1 2017, GROUP'S REVENUE WAS 1.6 MILLION EUROS, WHICH IS 68% LESS COMPARED TO REVENUE OF 5.1 MILLION EUROS IN Q1 2016.SAYS IN Q1 2017, GROUP'S OPERATING LOSS (=EBIT) WAS 0.2 MILLION EUROS AND NET LOSS 0.3 MILLION EUROS.  Full Article

Arco Vara says commence construction of Sofia Iztok Parkside development is delayed
Thursday, 30 Mar 2017 10:15am EDT 

Arco Vara AS :Says commence construction of sofia iztok parkside development is delayed by the sofia (bulgaria) municipality.  Full Article

Arco Vara's unit sold its 70 pct in SIA Arco Real Estate
Thursday, 23 Feb 2017 05:45am EST 

Arco Vara AS : Says its unit Arco Vara Real Estate AS sold its 70 percent stake in SIA Arco Real Estate . And SIA Arco Real Estate concluded a 3-year franchise contract and agreed on the terms for using Arco Real Estate trade mark .Says its broader action plan is aimed at increasing the yield on the group’s assets.  Full Article

Arco Vara FY 2016 net result swings to loss of 0.8 mln euros
Thursday, 16 Feb 2017 09:49am EST 

Arco Vara AS : FY 2016 turnover at 9.7 million euros ($10.33 million)versus 10.7 million euros year ago . FY 2016 net loss at 0.8 million euros versus profit of 0.5 million euros year ago . Net cash on Dec. 31, 2016 at 0.8 million euros versus 0.7 million euros year ago . CEO says the full year’s results were damaged by Q4 when it did not sell anything out of its almost empty stock . CEO says it made substantial mistakes with the offices on Madrid Blvd, amounting to more than 0.8 million euros . CEO says objective of 2017 is to earn revenue of at least 18 million euros and net profit of at least 1.8 million euros .CEO says by the end of 2018, objective is to earn at least 20 million euros and make a net profit of at least 2 million euros.  Full Article

Arco Vara names Kristel Tumm as new CFO
Friday, 19 Aug 2016 09:10am EDT 

Arco Vara AS : Management of Arco Vara has named Kristel Tumm as Group's new CFO . Group's former CFO Marek Pontus' employment contract will end on 31 August 2016 ."Intends to double its business by 2018, and then double it further by 2022.".  Full Article

Arco Vara: Market making agreement with LHV Bank
Friday, 19 Aug 2016 05:16am EDT 

Arco Vara AS :Concludes a market making agreement with AS LHV Bank.  Full Article

Arco Vara share capital increase did not succeed
Wednesday, 17 Aug 2016 05:02am EDT 

Arco Vara AS : Share capital increase of 5.0 million euros ($5.63 million) did not succeed .Decides not to proceed with share capital increase process.  Full Article

BRIEF-Arco Vara will pay dividend of EUR 0.01 per share on June 16

* SAYS WILL CLOSE LIST OF SHAREHOLDERS FOR DIVIDEND PAYMENT ON JUNE 14