Trigon Property Development Reports Q2 2024 Financial Results
Overview of Trigon Property Development
Trigon Property Development AS focuses on real estate development. As of mid-2024, the company possesses a significant development project spanning 14.2 hectares in a dynamic location. The site is set to evolve into a commercial, industrial, and logistics park. The goal is to attract businesses from various sectors, enhancing the value of the plots owned by Trigon.
Recent Sales Activity
In the previous year, a notable transaction occurred where a 0.53-hectare parcel designated for transport was sold for 26,580 euros, excluding VAT. This sale showcases the company’s ability to effectively manage and sell its assets, generating revenue that supports ongoing and future projects.
Financial Position as of June 30, 2024
Trigon Property Development's condensed statement of financial position reflects a clear snapshot of its assets, liabilities, and equity capital. As of June 30, 2024, the company reported total assets valued at 1,674,751 euros, with an equity sum of 1,674,226 euros, which is an impressive 99.97% of the total balance sheet.
Profitability Insights
According to the condensed statement of comprehensive income, the company has recorded a net loss of 13,140 euros for the first half of 2024, resulting in an earnings per share of -0.00292 EUR. These figures highlight the ongoing challenges while underlining the resilience and strategic direction of Trigon Property Development.
Key Financial Metrics
Here are some critical financial metrics as of June 30, 2024:
- Total current assets: 1,674,751 euros
- Total liabilities: 525 euros
- Total equity: 1,674,226 euros
Statements of Comprehensive Income
In reviewing the comprehensive income statements, Trigon reported administrative and general expenses amounting to -19,699 euros alongside financial income of 1,559 euros. The operating loss ultimately totaled -14,699 euros, reflecting operational costs that the company aims to optimize moving forward.
Management Commentary
Rando Tomingas, a member of the Management Board, commented on these results, noting the importance of the company's strategic focus on land plot sales and ongoing project development. He emphasized that while the company faces losses, the overall asset value remains robust, setting the stage for future profitability as market conditions improve.
Company Contacts
For those interested in learning more about Trigon Property Development AS or potential business opportunities, you can reach out as follows:
Telephone: +372 667 9200
Email: info@trigonproperty.com
Frequently Asked Questions
What is Trigon Property Development's main business focus?
The primary focus of Trigon Property Development AS is real estate development, particularly targeting commercial, industrial, and logistics projects.
How much land does Trigon currently own in its development project?
Trigon Property Development owns a development project covering an area of 14.2 hectares.
What was Trigon's net loss for the first half of 2024?
Trigon reported a net loss of 13,140 euros for the first six months of 2024.
What was the total asset value of Trigon as of June 30, 2024?
The total asset value of Trigon Property Development stood at 1,674,751 euros as of June 30, 2024.
How can investors contact Trigon Property Development?
Investors can reach Trigon via telephone at +372 667 9200 or by emailing info@trigonproperty.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- UP Fintech Holding Limited Posts Strong Q2 2024 Results
- Terranet's Technology Development Progress Report
- Subsea 7 S.A. Reports Major Shareholder Notification
- European Energy A/S Reports H1 2024 Financial Results
- VILVI GROUP Reports Strong Growth for First Half of 2024
- ZetaDisplay AB Reports Strong Growth in Q2 2024
- Idavang Reports Significant Growth in Q2 2024 Results
- Digitalist Group Highlights Half-Year Financial Review
- Karolinska Development Reports Strong Interim Results for 2024
- BW Offshore Announces Q2 2024 Dividend Details
- BW Offshore Reports Robust Q2 and H1 Results for 2024
- Frontline PLC Delivers Strong Second Quarter 2024 Results
- EfTEN United Property Fund's Growth and Investments
- Eurocommercial Properties N.V. Reports Robust Half-Year Results
- RomReal's Q2 2024 Performance Summary and Insights
- Lexibook Reports 4.14% Revenue Growth Amid Challenges
- Ackermans & van Haaren Reports 17% Growth in Profit
- Intel's Strategies Amidst Financial Challenges
- PlantX Reports Interim Financial Results for June 2024
- Western Investment Company Reveals Q2 2024 Financial Results
- Dell Technologies Reports Strong AI-Driven Growth
- Clip Money Inc. Reports Impressive Q2 2024 Financial Results
- LNG Energy Group Announces Strong Q2 2024 Results
- Serabi Gold Announces Robust Mid-Year Financial Performance
- InterCure Reports Strong Financial Performance in 2024
Recent Articles
- Trigon Property Development Reports Q2 2024 Financial Results
- BW Offshore Announces Q2 2024 Dividend Details
- Frontline PLC Delivers Strong Second Quarter 2024 Results
- HUTCHMED Updates on Fruquintinib for Gastric Cancer Treatment
- Ekso Bionics Secures $6 Million in Public Offering
- McDull Meme Coin: A Playful Blockchain Initiative
- Stran & Company Responds to Nasdaq Notification on Filing Delay
- Artiva Biotherapeutics' Q2 2024 Highlights and Results
- IDEX Biometrics Issues Incentive Subscription Rights
- SmartCentres Unveils Cutting-Edge 2023 ESG Strategies
- Dollar General Stock Plummets Amid Market Challenges
- Wealth Competition: Bettencourt Meyers vs. Walton
- Iceland Seafood International Completes Bill Auction
- Toll Brothers Launches Oaks at Randolph Townhome Community
- Hovnanian Enterprises Partners with Saudi Arabia for Housing Growth
- OMNIQ Secures Major $2.5 Million Order with Retail Partner
- Inuvo to Showcase AI Innovations at Global Investment Conference
- Chlorine Market Growth Forecast: Insights and Trends
- Phathom Pharmaceuticals to Join Key Investor Conferences
- Apellis Pharmaceuticals Announces Participation in Investor Conferences
- Arvinas Announces Participation in Investor Conferences
- Understanding the Upcoming Federal Reserve Rate Cuts
- Atour Lifestyle Holdings Reports Q2 2024 Financial Results
- Market Update: Futures Decline as Nvidia's Outlook Dims
- Cylindrical LiFePO4 Battery Market Growth Insights