UAB Orkela Discusses Financial Performance and Developments
Overview of UAB Orkela
UAB Orkela, a prominent private limited company, was registered with the V? Registr? centras. As a company focused on innovation and development, Orkela is carving a niche within the competitive real estate sector.
Company Address and Operations
The registered office of UAB Orkela is located at Jogailos g. 4, in Vilnius. This strategic location positions the company well within the vibrant landscape of the city, where opportunities for growth and development are plentiful. Notably, UAB Orkela does not maintain any branches or representative offices, ensuring a consolidated operational focus.
Business Focus
UAB Orkela specializes in real estate development and construction. One of its significant real estate assets is a land plot accompanied by a building complex situated at Vasario 16-osios g. 1, also in Vilnius. The company is currently working on an innovative project that includes the development of a state-of-the-art lyceum and a hotel complex adjacent to the historical St. Philip and St. Jacob Church and Monastery. This initiative is bound to contribute to both educational advancements and tourism in the area.
Significant Events in Q1 2025
Bondholders' Meeting Results
On January 9, 2025, UAB Orkela convened a bondholders' meeting where a critical decision was made. The bond redemption deadline was extended to July 19, 2025, reflecting the company's proactive approach to maintaining financial stability while pursuing its development projects.
Construction Progress
On April 10, 2025, the State Territorial Planning and Construction Inspectorate, operating under the Ministry of Environment, granted its approval for the completion of the administrative section of the ongoing development project. This approval is a significant milestone for UAB Orkela, indicating progress and adherence to regulatory standards in their construction efforts.
Financial Performance Insights for Q1 2025
Investment Metrics
During the first quarter of 2025, UAB Orkela made substantial investments into project development, totaling €9.7 million. This investment signals the company's commitment to its ambitious development agenda and the potential for future growth.
Expense Breakdown
Alongside its investments, UAB Orkela incurred a range of expenses associated with these projects. Specifically, the company reported project-related expenses amounting to €269.8 thousand, coupled with €892.7 thousand allocated for project financing costs. These figures illustrate the financial execution underpinning their development strategies.
Asset Overview
As of March 31, 2025, UAB Orkela's total assets reached €60,825 thousand, marking a significant increase from €52,376 thousand at the end of the previous year. This growth in assets represents a robust financial position, establishing a sound foundation for ongoing and future development initiatives.
Leadership Insight
Anastasija Pocien? serves as the Director of UAB Orkela, bringing her expertise and vision to guide the company's strategic initiatives. Under her leadership, UAB Orkela aims to navigate the evolving landscape of real estate development with agility and foresight.
Frequently Asked Questions
What is UAB Orkela's primary business focus?
UAB Orkela primarily focuses on real estate development and construction, with notable projects underway.
Where is UAB Orkela's registered office located?
The registered office of UAB Orkela is situated at Jogailos g. 4, Vilnius.
What recent financial activity has UAB Orkela engaged in?
In Q1 2025, UAB Orkela invested €9.7 million in project development and incurred various expenses relating to its initiatives.
What is the status of UAB Orkela's asset growth?
As of March 31, 2025, UAB Orkela's assets totaled €60,825 thousand, showing significant growth compared to the previous year.
What major approvals has UAB Orkela attained recently?
UAB Orkela received approval for the completion of its administrative project section from the State Territorial Planning and Construction Inspectorate.
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