Arco Vara AS Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 10:54 am IST
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Arco Vara AS reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was EUR 0.302 million compared to EUR 9.17 million a year ago. Net income was EUR 0.016 million compared to EUR 1.7 million a year ago.
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.
ARCO VARA 
