Capitalia unaudited interim financial statements for Q2, 2019

In the first half of 2019 Capitalia reported turnover of EUR 607 thousand and profit of EUR 116 thousand. The results are good reflection of the result of our strategy shift that was implemented over the course of the last year and as a result of which the Company is concentrating on financing of larger businesses through co-financing with other investors.  

The second quarter of the year continued to be very active and Capitalia financed businesses for the total amount of EUR 4.69 million (EUR 5.36 million in the previous quarter). Among the financed businesses during this period where, for example, such companies as MoonCom (wholesale of electronic equipment), Peruza (production of industrial equipment), AgroCredit Latvia (financing of agricultural companies) and Abavas Dārzi (drink manufacturing). Furthermore, we have agreed in principal regarding venture capital investment in a fast growing and ambitious Latvian venture working in education sector. By implementing guarantee support initiative with European Investment Fund we have already provided financing to 32 small businesses for the total amount in excess of EUR 400 thousands. 

During the third quarter of the year we expect to focus on the growth of financing portfolio, including, activating and expanding our operations in Estonia. 
Published by at. 09:23