Suomen Hoivatilat Oyj reported consolidated unaudited earnings results for the six months ended June 30, 2018. For the period, the company reported total revenue of EUR 8,061,470 as compared to EUR 5,315,223 for the same period last year. Operating profit was EUR 21,049,674 as compared to EUR 18,994,037 for the same period last year. Profit before taxes was EUR 20,028,023 as compared to EUR 18,379,780 for the same period last year. Profit for the financial year was EUR 15,956,544 as compared to EUR 14,649,879 for the same period last year. Earnings per share adjusted by the dilution effect were EUR 0.63 as compared to EUR 0.63 for the same period last year. Net cash flow from operations was EUR 524,062 as compared to EUR 1,107,894 for the same period last year. Investments in property, plant and equipment was EUR 32,661,187 as compared to EUR 33,697,710 for the same period last year. Investments in intangible assets were EUR 44,091. Operating result per share was EUR 0.12 compare to EUR 0.09 a year ago.

The company expects its total revenue to be at least EUR 17.5 million in 2018. The operating result is estimated to be about 40% of revenue. The fair value of investment properties at the end of 2018 is estimated to be at least EUR 340 million. The guidance is based on the assumption that, in 2018, the company will not make significant purchases or sales of finished investment properties, and that the market yields used in the valuation of real estate will remain as they are.