Wage rise eats into company profits
While corporate profits shrunk by 12 percent in first quarter wages rose by eight percent, Statistical Office reported yesterday.
07.06.2016, Marge TubalkainPM
Listed companies go generous with dividends
While last year's total turnover and profit of our listed enterprises grew quite modestly (by one and two percent, respectively), dividends are rather generous. For several, dividends or payments from share capital reduction are manifold year-on-year.
27.05.2016, Tõnis OjaPM
Booming booze business in port steered from interior ministry
This January, a top interior ministry official bought from a company with hidden owners and registered in Panama the alcohol and grocery store Harbour Market (Sadama Turg) operating in the A-gate of Tallinn passenger port and aimed at Finnish clients.
26.05.2016, Andres Reimer, RiiaPM
Tallink rescues listed firms results
Of companies listed at Tallinn Stock Exchange with economic activity, a half i.e. seven improved results last year; eight managed to boost turnover. Three ended in red.
01.03.2016, Tõnis OjaPM
Baltika suffers loss of million in half year
Once a flagship of Estonia's light industry, brand garment maker and seller Baltika was hit so hard in financial crisis at end of last decade that it still staggers to this day. As evidenced by first half year report revealed yesterday, loss amounted to €1.1m.
31.07.2015, Tõnis OjaPM
McDonald's franchise holder makes EUR 1.6 mln profit in Estonia
Premier Restaurants Eesti OU, holder of the McDonald's franchise in Estonia, made a profit of 1.6 million euros on revenues of 17.3 million euros in 2014.
Political decision costs Estonian Post €3m a year
The law says Estonia must have a post office in each commune, no matter the size. In the countryside, the distance between letterboxes may not exceed two kilometres (1.2 miles).
06.08.2014, Kaspar JõgevaPM
The drive-thru Estonian shareholder meetings
«Let’s keep it quick and constructive,» were the opening remarks to shareholder’s general meeting by Katre Kõvask, CEO of ice-cream-maker Premia Foods. Quick and constructive (at times overly so) were almost all general meetings by listed companies this year where Postimees paid a visit.
10.07.2014, Tõnis OjaPM
The profit of the business sector increased in the 1st quarter
According to Statistics Estonia, in the 1st quarter of 2014, the total profit of the business sector was 705 million euros, which was 10% more than in the same period a year ago.
Road lord in «ethical» fees biz
Postimees paid a visit to dwellings at Hansu Road, Haabersti – to check the situation. According to inhabitant called Reimo, an Aleksandr Vain asks locals €50,000 for the road. Should they decline, Mr Vain threatens to set a barrier.
30.05.2014, Andres EinmannPM
Company gross profits outgrow boom times
While firms’ total turnover overshadowed boom-time levels two years ago, gross profit followed suit only in third quarter 2013.
05.12.2013, Tõnis OjaPM
The total profit of business sector is smaller than a year ago
According to Statistics Estonia, in the 2nd quarter of 2013 the total profit of the business sector was 801 million euros, which was 5% less than in the same period a year earlier.
ASI, company of Skype's Estonian co-founders, swings to profit in 2012
Ambient Sound Investments OU (ASI), investment company of Estonian co-founders of Skype, finished the year 2012 with a profit of 8.5 million euros, according to the consolidated annual report.
Estonian beverage maker A. Le Coq boosts H1 operating profit 26.7 pct
The beverage maker AS A. Le Coq, a company of the listed Finnish Olvi Oyj group, increased its operating profit for the first half of this year 26.7 percent compared with the corresponding period in 2012 to eight million euros.
Estonian air navigation services provider sees H1 profit drop 20 pct y-o-y
The net profit of Estonia's state-owned air navigation services provider Lennuliiklusteeninduse AS was 1.3 million euros in the first six months of 2013 which represents a 20 percent decrease compared to 1.64 million euros in the same period last year.
Estonian banks' net profit shrinks 24 pct in June
Commercial banks operating in Estonia earned a net profit of 26.2 million euros in June, almost 24 percent less than the year before, data of the Bank of Estonia show.
H1 profit of Tallinna Kaubamaja plummets 57 pct to EUR 2.4 mln
The net profit of the listed Estonian retail group Tallinna Kaubamaja fell 57.4 percent in the first half of 2013 compared to the same period last year, amounting to 2.4 million euros.
LHV Group posts EUR 0.4 mln profit for Q2
The Estonian financial group LHV Group earned a net profit of 0.4 million euros in the second quarter of 2013, of which the bank made 0.1 million and asset management 0.3 million euros.
H1 profit of SEB's Estonian unit drops to EUR 38.7 mln
The profit of the Estonian unit of the SEB financial group in the first half of 2013 decreased to 38.7 million euros from the year-earlier 41.5 million euros.
Elisa posts sales increase of 24 pct to EUR 20 mln in 2012
Elisa Eesti, fully held Estonian subsidiary of the Finnish telecommunications group Elisa, made a net profit of 19.8 million euros in 2012 which is 24 percent more than the year before, according to the company's annual report.
The growth in total profit of business sector slowed down
According to Statistics Estonia, in the 1st quarter of 2013 the total profit of the business sector was 647 million euros, which was 3% more than in the same period a year earlier. If the year ago the increase of enterprise sector’s total profit was on average 7% then in the 1st quarter this year the growth slowed down.
Estonian banks more than triple profit in April
Commercial banks active in Estonia earned a net profit of 99.5 million euros in April, nearly three and a half times more than in the same month of the previous year, data published by the Bank of Estonia show.
Estonian banks' Q1 profit drops 22 pct on year
Commercial banks active in Estonia earned a net profit of almost 81 million euros in the first quarter of 2013, 22 percent less than during the corresponding period a year ago.