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Arco Vara AS (ARC1T.TL)

ARC1T.TL on Tallin Stock Exchange

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

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

Arco Vara Q2 revenue up 1.7 pct y/y
Thursday, 11 Aug 2016 06:41am EDT 

Arco Vara AS : Q2 2016 group's revenue 2.1 million euros ($2.34 million) exceeding by 1.7 per cent revenue of Q2 2015 .H1 net profit 900,000 euros versus 700,000 euros year ago.  Full Article

Arco Vara adopts Iztok Parkside plan
Wednesday, 10 Aug 2016 09:48am EDT 

Arco Vara AS : Adopts Iztok Parkside detail plan . According plan an apartment building with 68 apartments and gross sellable area of 7700 m2 can be built on Iztok Parkside . Residents' interest we can see already now but actual outcome will be revealed in group's income statement at beginning of year 2018, CEO says .Expected revenue is over 7 million euros ($7.82 million) and shareholders' net profit should exceed 1 million euros, CEO says.  Full Article

Arco Vara AS to pay FY 2015 dividend of EUR 0.01 per share
Tuesday, 10 May 2016 03:52am EDT 

Arco Vara As :To pay FY 2015 dividends to shareholders 0.01 euro ($0.0114) per share, in total amount of 61,170 euros.  Full Article

Arco Vara AS issues bonds in total amount of EUR 1.12 mln
Thursday, 7 Jan 2016 07:32am EST 

Arco Vara AS:Says ‍issues bonds in amount of 1.12 million euros.‍Issue date of bonds was Jan, 7 and maturity date is Jan. 6, 2018​.‍Total 112 bonds were issued, nominal value of 10,000 euros each, with interest rate 12 pct per year​.  Full Article

Arco Vara AS plans to list its Bulgarian unit on Sofia Stock Exchange
Tuesday, 5 Jan 2016 06:05am EST 

Arco Vara AS:Plans to finalize technical preparations for listing of its Bulgarian unit, Arco Real Estate Fund REIT (Arco REIT)​, shares on Sofia Stock Exchange during Q1 2016.Plans to participate in the following share capital increase through public offering of shares.Arco REIT was granted real estate trust license on Dec. 28.The fund's effective investment activity should commence by year-end.  Full Article

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BRIEF-Arco Vara FY 2016 net result swings to loss of 0.8 mln euros

* FY 2016 turnover at 9.7 million euros ($10.33 million)versus 10.7 million euros year ago