Audited Annual Report 2019 of EfTEN Real Estate Fund III AS

EfTEN Real Estate FundThe management board of AS sent to the Supervisory Board for approval the 2020 audited annual report of Real Estate Fund III AS. Financial results remained unchanged compared to the preliminary financial results published on 16th of February 2021.

The consolidated sales revenue of AS for year 2020 was EUR 10.731 million, which increased by 12.8% in a year. The net profit of the same period was 3.317 million euros (2019: 7.737 thousand euros).

The management board of AS proposes to the Supervisory Board and the General Meeting of Shareholders to pay a dividend of 66.3 cents per share, ie a total of EUR 2.798 million.

The AS audited and consolidated Annual Report 2020 is attached to the announcement and is available on Real Estate Fund III AS website www.eref.ee.

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