This post was automatically translated into English
The consolidated financial sales results of the Eika group of companies, which includes the real estate development company “Eika”, the construction company “Eikos statyba” and the engineering equipment company “Inžinerinės idėjos”, exceeded LTL 207.7 million in 2007.
The consolidated financial sales results of the Eika group of companies, which includes the real estate development company “Eika”, the construction company “Eikos statyba” and the engineering equipment company “Inžinerinės idėjos”, exceeded LTL 207.7 million in 2007.
The turnover of the group of companies increased by 44 percent compared to 2006, when it reached LTL 144.4 million. The actual annual results of the three companies exceeded the annual turnover forecast (LTL 147 million) by about 29 percent.
The income of the corporate groups consisted of the construction and rental of commercial and residential properties, brokerage, consulting services and other real estate development activities.
Although the real estate market in Lithuania was subdued in the last quarter of 2007, it did not have a major impact on the results of the Eika Group of Companies: during the last three months of 2007, “Eika”, “Eikos statyba” and “Inžinerinės idėjos”, which employ 390 people, earned about LTL 50 million from the sale of real estate objects and the construction and installation work performed.
The contribution of “Eikos statybos” to the total turnover of companies last year amounted to LTL 65.4 million. The sales growth of this company is the most significant in the entire group. Compared to 2006, the sales of UAB “Eikos statybos” increased by about 39 percent.
The youngest company in the group of companies, “Inžinerinės idėjos”, operating on the market since December 2006, has not yet published its financial indicators.