News

TALLINNA KAUBAMAJA DOUBLES FIRST QUARTER PROFIT

TALLINN, 26.04.2012, www.bbn.ee - The consolidated non-audited sales revenue of the Tallinna Kaubamaja Group for the first quarter of 2012 was 106.0 million euros, having grown by 10.3 pecent.

The consolidated non-audited sales revenue of the Tallinna Kaubamaja Group for the first quarter of 2012 was 106.0 million euros, having grown by 10.3 pecent.

The profit of the reporting period was 3.2 million euros, which has doubled compared to the previous period. The profit in the first quarter of 2011 was 1.6 million euros.

The strong sales results were positively reflected in the Group's profit earned in the first quarter, supported by the growth of domestic consumption in Estonia and efforst to improve the assortment of goods and keep fixed costs under control.