Arricano - SEC network operator with a unified system of quality standards
Arricano is one of the leading real estate developers of shopping centres in Ukraine with European investments. It is listed on the AIM Market of the London Stock Exchange since 2013. Today Arricano Group owns and operates five completed shopping centres and 49,9 per sent shareholding in Sky Mall and land for further three sites currently under development.
- Prospekt Shopping and Entertainment Complex (SEC)
- City Mall Shopping and Entertainment Complex (SEC)
- Sun Gallery Shopping and Entertainment Complex (SEC)
- RayON Shopping and Entertainment Centre (SEC)
Arricano joined the UNIC integrity and compliance network
On October 9, 2017, Arricano Real Estate PLC became a member of the Ukrainian Network of Integrity and Compliance (UNIC) and signed a Memorandum on Transparent Business, readiness to improve and maintain its integrity and compliance culture, promote the ethical business principle in Ukraine according to the best international practices.
Based on the results of the first half of 2017 the turnover of Arricano shopping malls network’s tenants grew by 31%
According to the results of the 1 half of 2017, Arricano shopping malls network tenants' turnover shows an increase of 31% compared to the same period of 2016. At the same time, Arricano shopping malls' traffic in the first half of 2017 grew only by 14.6% compared to the first half of the previous year and amounted to 22 million visitors. In 2016, the attendance rate during this period was fixed at 19.2 million people.
Arricano shows double-digit growth in financial performance for the second consecutive year
On September 22, 2017, Arricano Real Estate PLC has published the Consolidated Interim Shortened Financial Report for the first half of 2017. According to the report for the six months of this year, as of June 30, 2017, Arricano Real Estate PLC shows successful results. The double-digit growth in the reporting currency (USD) for the second consecutive year indicates the company's development. The total revenue in the reporting currency (USD) has increased by 18.7% to USD 12.9 million (compared to USD 10.9 million in the first half of 2016). The profit from the core business (including revaluation surplus) has increased by 42.8% to USD 24.0 million (compared to USD 16.8 million in the first half of the year). The profit before taxation has increased more than 2 times and amounted to USD 18.4 million (compared to USD 8.3 million for the first half of 2016).