Suomen Hoivatilat Oyj announced earnings results for the three months ended March 31, 2017. For the quarter, the company reported revenue of EUR 2.49 million, growth of 49.4%, compared to EUR 1.66 million a year ago. Profit for the period was EUR 3.10 million, compared to EUR 1.99 million a year ago. Operational result was EUR 0.88 million, compared to EUR 0.60 million a year ago. Earnings per share were EUR 0.15 compared to EUR 0.13 a year ago. Operational results per share were EUR 0.04 compared to EUR 0.04 a year ago. Net asset value (NAV) per share was EUR 4.57 compared to EUR 3.24 a year ago.

The company provides earnings guidance for the full year of 2017. For the period, the company expects its total revenue to reach at least EUR 12 million. Operational result is expected to be at least EUR 4.5 million. The market value of the investment properties is expected to be between EUR 225 and 245 million at the end of 2017.