Hili Properties plc - Quarterly Update

On 12 May 2022, Hili Properties plc published a quarterly update providing information about its performance in Q1 2022. In this respect, Hili Properties explained that following the acquisition of a production plant located in Lithuania, a shopping centre in Latvia, and plots of land in Benghajsa, the value of the company’s property portfolio increased to €183 million compared to €149 million as at the end of 2021. Moreover, Hili Properties generated revenues of €2.4 million in Q1 2022 whilst EBITDA amounted to €1.5 million.

Hili Properties added that it remains committed to the execution of its plans as set out at the time of the IPO.