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TK Development A/S (TKDV.CO)

TKDV.CO on Copenhagen Stock Exchange

11.50DKK
26 Apr 2017
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Latest Key Developments (Source: Significant Developments)

TK Development 2016/17 result before tax swings to profit DKK 13.8 mln
Wednesday, 29 Mar 2017 02:57am EDT 

TK DEVELOPMENT A/S : MANAGEMENT EXPECTS RESULTS FOR 2017/18 FINANCIAL YEAR OF DKK 100-120 MILLION BEFORE TAX . PROFIT BEFORE TAX AMOUNTED TO DKK 13.8 MILLION FOR 2016/17 AGAINST LOSS DKK 191.0 MILLION IN 2015/16 . FY 2016/17 NET REVENUE DKK 401.5 MILLION VERSUS DKK 327.8 MILLION YEAR AGO .BOARD OF DIRECTORS RECOMMENDS THAT ANNUAL GENERAL MEETING RESOLVE NOT TO DISTRIBUTE DIVIDENDS FOR THE 2016/17 FINANCIAL YEAR.  Full Article

TK Development sells 127 youth housing units
Friday, 14 Oct 2016 08:26am EDT 

TK Development A/S : Sells 127 youth housing units at Frederiksberg, Denmark . Construction is to start in October 2016, with completion and handover scheduled for January 2018 . Units have been conditionally sold to Koncenton .Start-up and sale of project not to impact previously announced results estimate for 2016/17, but underpins outlook for 2017/18.  Full Article

TK Development Q1 operating loss narrowing to DKK 0.5 million
Wednesday, 15 Jun 2016 02:41am EDT 

Tk Development A/S : Q1 2016/17 net revenue 45.7 million Danish crowns ($6.90 million) versus 40.7 million crowns year ago . Q1 2016/17 operating loss 0.5 million crowns versus loss 4.0 million crowns year ago .Management still expects consolidated results before tax for 2016/17 to total 10-30 million crowns.  Full Article

CapMan Real Estate acquires 50 pct stake in outlet centre in Denmark
Monday, 13 Jun 2016 04:10am EDT 

Capman Oyj :The CapMan Nordic Real Estate fund has acquired a 50 pct stake in the Ringsted Outlet centre and forms a partnership with the Danish real estate company TK Development.  Full Article

Storm Real Estate sells entire shareholding of in TK Developments A/S
Tuesday, 10 May 2016 02:45am EDT 

Storm Real Estate ASA : Sold its entire shareholding of 10,865,175 shares in TK Developments A/S at price of 6.25 Danish crowns ($0.9570) per share .Says total proceeds are 67,907,334 crowns.  Full Article

Storm Real Estate sells all its shares in TK Development
Wednesday, 4 May 2016 09:40am EDT 

Storm Real Estate ASA:Sold shares in TK Development A/S.Has as of May 4 sold entire holding of 10,865,175 shares in TK Development A/S at 6.25 Danish crowns per share.  Full Article

TK Development maintains FY 2016/17 outlook and strategic focus 2018
Friday, 1 Apr 2016 03:10am EDT 

TK Development A/S:Consolidated results for FY 2016/17 are still expected to total 10 million - 30 million Danish crowns before tax.Says to initiate a process to sell the Czech activities as part of strategic focus 2018.FY 2016/17 pre-tax profit of 13.00 million crowns - Thomson Reuters I/B/E/S.  Full Article

TK Development updates on strategic focus 2018, cuts FY 2015/16 outlook
Thursday, 17 Dec 2015 02:20am EST 

TK Development A/S:Updates on strategic focus 2018 ‍.Future strategic focus will be property development in Denmark, Sweden and Poland.Return on equity from this business area is expected to amount to 15-20 pct p.a. before tax as from FY 2017/18.Initiates a process to sell Czech activities.Operation of group's asset management activities is to be matured and optimized.‍There will be continued strong focus on substantially reducing portfolio of land.Sees narrower future strategic focus to continuously reduce group's capacity costs in period until FY 2018​​‍.Lowers estimate for FY 2015/16 for continuing activities before tax by 140 million Danish crowns to loss of about 100 million crowns.‍Consolidated results for FY 2016/17 are expected to total 10-30 million before tax.‍Consolidated results for FY 2015/16 are expected to total loss of about 190 million before tax​​.  Full Article

TK Development announces refinancing of the Sillebroen shopping centre, Denmark
Wednesday, 18 Nov 2015 10:50am EST 

TK Development A/S:Refinancing of the Sillebroen shopping centre, Denmark.Has entered into agreement with PKA on a five-year refinancing scheme of the Sillebroen shopping centre in Denmark with 500.0 million Danish crowns.Refinancing is part of plans for shopping centre, where additional leasing and operations optimisation are to contribute to a sale of centre in medium term.  Full Article

TK Development confirms FY 2015/16 profit guidance
Friday, 11 Sep 2015 02:48am EDT 

TK Development A/S:Management still anticipates positive results of about 40 million Danish crowns before tax, excluding discontinuing activities, for FY 2015/16.  Full Article

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BRIEF-TK Development 2016/17 result before tax swings to profit DKK 13.8 mln

* MANAGEMENT EXPECTS RESULTS FOR 2017/18 FINANCIAL YEAR OF DKK 100-120 MILLION BEFORE TAX