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Tallinna Vesi boost its profits by 12.5 million kroons in Q3 2008
Juhan Tere, BC, Tallinn, 22.10.2008.
Print version
Print versionAS Tallinna Vesi reported on Wednesday that it increased its profits to 89.2 million kroons in the third quarter of 2008, writes EPL Online.
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This was by 12.5 million kroons more than during the same period of time last year.
The income grew by a third and reached 225.3 million kroons.
From its main area of business – from sales of water and provision of sewage services to mostly individuals and legal entities and from the fee of maintaining systems of collecting rainwater from the City of Tallinn, the enterprise earned a total of 174 million kroons.
The sales volumes of the company have fallen by nearly 3%, but due to the higher tariffs by nearly 11% that were implemented in January, the company’s revenue from sales of water and sewage services increased by nearly 10%, amounting to 159.4 million kroons.
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