Baltic: weekly earnings summary 15. August
Last week, the OMX Baltic index remained stable, rising by just 0.06% as the earnings season continued. The reports showed a clear divergence between sectors: technology and financial sectors showed strong growth, while real estate and transport faced challenges.
PKG1TPro Kapital Grupp (PKG1T)
Pro Kapital Grupp's operating profit fell by 68.3% and net profit by 88.5% in the second quarter. The main reason for the decline was a decrease in real estate sales revenue, as large development projects in Estonia were completed. In addition, administrative expenses increased. Despite the weak results, the stock remained unchanged for the week.
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