Suomen Hoivatilat Oyj reported earnings results for the half year ended June 30, 2017. For the period, the company reported revenue was €5,315,223 against €3,364,443 a year ago. Operating profit was €19,143,610 against €8,764,888 a year ago. Profit before tax was €18,529,354 against €8,294,724 a year ago. Profit for the financial year was €14,769,538 against €6,623,311 a year ago. Net cash flow from operations was €1,107,894 against €416,572 a year ago. Acquisition of subsidiaries less their cash and cash equivalent on the date of acquisition was €2,421,607. Investments in property, plant, and equipment were €33,697,710 against €16,551,699 a year ago. Investments in intangible assets were €2,450 against €7,461 a year ago.

For the year 2017, the company expects its total revenue to reach at least €12 million in 2017. The operational result is expected to be at least €4.5 million. The market value of the investment properties is expected to be between €225 million and €245 million at the end of 2017.