Arco Vara AS Provides Earnings Guidance for the Year 2019
February 14, 2019 at 08:55 pm IST
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Arco Vara AS provided earnings guidance for the year 2019. For the year, the company expects to reach sale revenue of over EUR 20 million and net profit of over EUR 2 million in 2019.
Arco Vara AS is an Estonia-based company active within the property industry. The Company focuses on the building construction, civil engineering, special engineering and real estate services. Its business consists of three segments: Development segment, which is engaged in the development of residential and commercial environments, as well as long-term investment in real estate; Service segment, which is involved in the real estate brokerage, valuation and management, and short-term investment in real estate, and Construction segment, which provides general and sub-contracting in the field of general construction, civil and environmental engineering, and construction supervision services. Arco Vara AS has numerous subsidiaries, including Arco Lozen EOOD, Acro Invest EOOD, and Acro Real Estate SIA. The Company operates in Estonia, Latvia and Bulgaria.