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Merko maintained profitability in Q3 despite complicated market situation

Merko Ehitus reported revenue of EUR 182.2 million for the first nine months of 2014 and EUR 68.5 million in the third quarter. Compared to the first nine months of 2013, revenue from general construction activities has increased by 43.3% and that from real estate development activities by 36.3%. The share of total revenue earned in real estate development has increased to 14.5% and the revenue earned outside of Estonia made up 31.5% of sales. Despite decreasing revenues in from engineering and road construction sector, the company has succeeded in maintaining its profitability and in improving its profit margins. The net profit for the first nine months stood at EUR 7.6 million and in the third quarter at EUR 3.3 million. More information.