Trigon Property Development — Earnings Release 2024

Aug 30, 2024

Company AS Trigon Property Development

Type

Company Release

Category Other corporate action

Disclosure time 30 Aug 2024 09:00:00 +0300

Attachments:

• 2024 II Q interim ENG.pdf (http://oam.fi.ee/en/download?id=8668)

• 2024 II kv vahearuanne EST.pdf (http://oam.fi.ee/en/download?id=8669)

Currency

Title

Unaudited financial report for the second quarter and 6 months of 2024

The main business activity of Trigon Property Development AS is real estate development. As at 30.06.2024, AS Trigon Property Development owned one development project with an area of 14.2 hectares in the City of Pärnu, Estonia. A commercial, industrial and logistics park is planned on this area. The Company's objective is to find companies willing to bring their business activities (industry, logistics) to the development project area of AS Trigon Property Development in Pärnu, which would add value to the land plots owned by the Company. As the main purpose of the company is to sell existing land plots, investment property was recognized as inventories.

In the third quarter of 2023, a 0.53-hectare transportation purpose land was sold for 26,580 euros (excluding VAT).

Condensed statement of financial position as of 30 June 2024 delivered by the present announcement completely reflects the assets, liabilities and equity capital of AS Trigon Property Development.

According to the condensed statement of comprehensive income the net loss for first 6 months of 2024 of AS Trigon Property Development is -13,140 euros and the earnings per share is -0.00292 EUR.

As of 30 June 2024 the assets of AS Trigon Property Development were 1,674,751 euros. The equity of the company was 1,674,226 euros, corresponding to 99.97 % of the total balance sheet.

Condensed statement of financial position

+------------------------------+------------+------------+ | EUR | 30.06.2024 | 31.12.2023 | +------------------------------+------------+------------+

Finantsinspektsioon http://www.fi.ee

112,703	176,133
10,011	1,927
1,552,037	1,530,405
1,674,751	1,708,465
1,674,751	1,708,465
525	21,099
525	21,099
525	21,099
449,906	449,906
226,056	226,056
287,542	287,542
710,722	723,862
1,674,226	1,687,366
TOTAL LIABILITIES AND EQUITY 1,674,751	1,708,465 +------------------------------+------------+------------+
	+------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+ +------------------------------+------------+------------+

Condensed statement of comprehensive income

+-----------------------------------------+----------+----------+ EUR		6 M 2024 6 M 2023
+-----------------------------------------+----------+----------+ Administrative and general expenses	-19,699	-18,201
+-----------------------------------------+----------+----------+ Other operating income	5,000	0
+-----------------------------------------+----------+----------+ Operating loss	-14,699	-18,201
+-----------------------------------------+----------+----------+ Financial income	1,559	394
+-----------------------------------------+----------+----------+ NET LOSS FOR THE PERIOD	-13,140	-17,807
+-----------------------------------------+----------+----------+ TOTAL COMPREHENSIVE LOSS FOR THE PERIOD +-----------------------------------------+----------+----------+	-13,140	-17,807

Rando Tomingas

Finantsinspektsioon http://www.fi.ee

Member of the Management Board

Telephone: +372 667 9200

E-mail: info@trigonproperty.com (https://www.globenewswire.com/Tracker?data=wN3CV2cKvFbAUqTMJhguW6xmQnZ9FFUMQYs0 Y995BjR35jvRI3HcEIvwUy79C-8m3TTBDm0qWTZBQzRYEQuxbj5zKP9-fPiY0adYVuhKnQk=)

Finantsinspektsioon http://www.fi.ee