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TALLINNA KAUBAMAJA GROUP AUDITED ANNUAL REPORT 2017

TALLINN, 26.02.2018, www.nasdaqbaltic.com - The consolidated audited revenue of Tallinna Kaubamaja Group AS for the year of 2017 was 651.3 million euros and net profit for the year of 2017 was 29.8 million euros. 

The Supervisory Board of Tallinna Kaubamaja Grupp AS approved today, on 26 February 2018 the annual report and profit allocation proposal for the year 2017 of Tallinna Kaubamaja Grupp AS. The Supervisory Board decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders. The revenues and profits remained unchanged compared to the preliminary disclosure on 25 January 2018.

The consolidated audited revenue of Tallinna Kaubamaja Group AS for the year of 2017 was 651.3 million euros. The revenue for the year of 2016 was 598.4 million euros. The revenue increased by 8.8 per cent.

The consolidated audited net profit of the Tallinna Kaubamaja Grupp AS for the year of 2017 was 29.8 million euros. The net profit for the year of 2016 was 25.7 million euros.

The audited Annual Report 2017 of Tallinna Kaubamaja Grupp AS is available on Tallinna Kaubamaja Group AS Internet home page www.tkmgroup.ee/en.

Raul Puusepp
Chairman of the Management Board