Mintos Annual Report 2015 (for those who may have missed it)

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homes119
Member of DD Central

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Mintos Annual Report 2015 (for those who may have missed it) May 20, 2016 18:54:12 GMT

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Post by homes119 on May 20, 2016 18:54:12 GMT

www.mintos.com/en/about-us/investor-relations/

martins would you mind sharing your forecast for this year? Doesn't have to be specific (e.g. greater loss, lower loss or profit)

Am I correct in my understanding that the 500,000 euros proceeds from issue of share capital was disbursed out of the 2,000,000 investment from Skillion Ventures?

Final question, financial statement analysis is not my forte

, from the cashflow statement, what does the 422,766 cash paid to purchase a business relate to? Another business? or investment in Mintos?

Thanks and keep up the good work!

martins
Representative of Mintos

Posts: 207
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Mintos Annual Report 2015 (for those who may have missed it) May 23, 2016 19:12:32 GMT homes119 likes this

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Post by martins on May 23, 2016 19:12:32 GMT

Thank you for your questions.

As we continue to focus on growth and building the product we forecast to have loss for 2016, as could be expected for the company at this stage.

Yes, 500,000 euros are part of the 2,000,000 euros investment from Skillion Ventures.

The 422,766 euros paid to purchase a business are related to restructuring we underwent last year where we separated the mortgage loan origination business (AS Hipocredit, previously called AS Mintos) from the marketplace (AS Mintos Marketplace).

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