Suomen Hoivatilat Oyj announced consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company announced revenue was EUR 7,057,569 compared to EUR 4,049,585 for the same period a year ago. Operating profit was EUR 14,173,448 compared to EUR 10,538,800 for the same period a year ago. Profit before taxes was EUR 13,388,567 compared to EUR 10,143,773 for the same period a year ago. Profit for the financial year was EUR 10,734,609 compared to EUR 8,074,082 for the same period a year ago. Earnings per share adjusted with the dilution effect were EUR 0.42 compared to EUR 0.39 for the same period a year ago. Net cash flow from operations was EUR 5,066,390 compared to EUR 2,465,286 for the same period a year ago. Investments in property, plant, and equipment were EUR 32,104,676 compared to EUR 30,368,461 for the same period a year ago. Investments in intangible assets were EUR 7,455.

For the full year, the company announced revenue was EUR 12,372,792 compared to EUR 7,414,028 for the same period a year ago. Operating profit was EUR 33,317,058 compared to EUR 19,303,688 for the same period a year ago. Profit before taxes was EUR 31,917,921 compared to EUR 18,438,498 for the same period a year ago. Profit for the financial year was EUR 25,504,147 compared to EUR 14,697,393 for the same period a year ago. Earnings per share adjusted with the dilution effect were EUR 1.04 compared to EUR 0.75 for the same period a year ago. Net cash flow from operations was EUR 6,174,284 compared to EUR 2,881,858 for the same period a year ago. Investments in property, plant, and equipment were EUR 65,802,386 compared to EUR 46,920,160 for the same period a year ago. Investments in intangible assets were EUR 5,005 compared to EUR 4,350 for the same period a year ago. Return on equity was 25.0% compared to 24.5% for the same period a year ago.

The company expects its total revenue to reach at least EUR 17.5 million in 2018. The operating profit is expected to amount to approximately 40% of the revenue. The fair value of investment properties is expected to be at least EUR 340 million at the end of 2018.