Hepsor sank into losses

Real estate developer Hepsor lost sales revenue in both the second quarter and the first half of the year and made a loss. According to the company, the reason lies in the peculiarities of development cycles.

  • According to Henri Laks, a member of the board of Hepsor, the deficit in the second quarter and the first half of the year is due to the development cycle. However, a profit is forecast for the year. Photo: Andras Kralla

Hepsor’s sales revenue in the second quarter was 5.15 million euros, compared to 14.6 million euros earned at the same time last year. However, the net loss in the second quarter was 0.56 million euros, while at the same time last year there was a profit of 3.45 million euros.

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Source: www.aripaev.ee