Posts tagged as profit

Eesti Energia sees half year record turnover, profit

Thursday, July 29, 2021

In the first half of 2021, Eesti Energia earned a net profit of €16.5 million with a record sales revenue of €538 million. In the same period last year the company made a net profit of €5 million. Turnover of the first half of the year increased by 36 percent compared to the same period of 2020 and reached the level of €538.4 million. EBITDA increased by 8 percent to…

Linnamäe group reports profits of over €300 million for year to April 2021

Thursday, May 6, 2021

Holding company MM Grupp, owned by businessman Margus Linnamäe, has reported yearly profits of over €300 million, the bulk of which has come from the progress of selling a major pan-Baltic advertising company. The group made losses on its pharmaceutical businesses, it says, the result of last year’s pharmacy reforms. The MM Grupp says total profits stood at €302 million across all sales. The bulk of this derived from the…

Latvian Central Bank profit in 2020 was EUR 26.6 million

Thursday, March 11, 2021

According to a statement March 11 by Latvian Central Bank Latvijas Banka, the bank’s profit for the year 2020 totaled EUR 26.6 million. This is roughly the same as in 2019, when it was 27.2 million euro. Latvijas Banka’s annual financial statements are audited by independent external auditors recommended by the Governing Council of the European Central Bank and approved by the Council of the European Union. Latvijas Banka has received a positive auditors’ opinion…

Tallink Group reports €23.9 million Q3 2020 net losses

Thursday, November 5, 2020

Tallink Group has today announced its unaudited financial results for the third quarter and first nine months of 2020, which confirm the group does not expect to make a profit in the full financial year in 2020. Shipping line and ferry operator Tallink Group says its net loss for the third quarter of 2020 (Q3 2020) stands at €23.9 million and that it will make a loss for 2020 as…

Latvian banks operated with EUR 17.4 mln in profit in Q1

Friday, July 3, 2020

The Latvian banking sector operated with EUR 17.438 million in profit in the first quarter of the year, which is a 4.2 times drop compared to the same period in 2019, writes LETA, according to the information from the Latvian financial regulator, the Finance and Capital Market Commission (FCMC). The banks’ aggregate assets contracted by 3.5% from the end of 2019 to EUR 21.724 billion at the end of the…

Latvian monetary financial institutions profit drops 41%

Friday, November 29, 2019

In October 2019, the monetary financial institutions generated EUR 46.4 mln in aggregate profit. As at October 31, 2019, the aggregate assets of the Latvian monetary financial institutions stood at EUR 21.633 bn, up 2.7% or EUR 567.7 mln from the end of October 2018 when their aggregate assets were worth EUR 21.065 bn. The balance of loans issued to residents by the Latvian monetary financial institutions was EUR 12.058…

Turnover of Pindstrup Latvia peat company grows 3.1% in FY

Saturday, February 2, 2019

The company’s management noted that last year, Pindstrup Latvia lost 71,000 cubic meters of peat as a result of a major fire that broke out at the company’s largest peat field Lielsalu Purvs on July 17, 2018. The company’s insurer has confirmed that the losses from the fire would be compensated. Last financial year, Pindstrup Latvia invested EUR 2.3 mln in real estate, production equipment and other long-term assets.Commenting on the company’s future perspectives, Pindstrup…

Samsung quarterly operating profit fell on slower demand

Thursday, January 31, 2019

Samsung Electronics Co. has posted a near-30 percent drop in operating profit for the last quarter after seeing slowing global demand for its memory chips and smartphones. It still finished the year with record highs, but expects a decline in earnings this year. The South Korean technology giant on Thursday said its operating profit during the October-December quarter declined 28.7 percent at an annual pace to 10.8 trillion won ($9.7…

Skonto Plan starts work on 21 mln euros construction project in UK

Friday, August 24, 2018

Skonto Plan, a member of Latvia’s Skonto Group, has started work on the facade of the new KeyBridge residential project in London, which foresees the construction of the UK’s tallest residential brick tower. The contract is worth 21 mln euros. The KeyBridge project is being developed in London’s prestigious Vauxhall district. The project envisages construction of two apartment buildings – the 22-story KeyBridge House and the 37-story KeyBridge Lofts. The…

Health minister: Additional healthcare development requires new tax bases

Monday, August 13, 2018

According to Minister of Health and Labour Riina Sikkut (SDE), who participated in a discussion on health insurance policy at the 2018 Arvamusfestival in Paide, additional development and funding of healthcare will require new tax revenue bases. Sikkut discussed the issue with Reform Party chairwoman Kaja Kallas and doctor and researcher Taavi Tillman. Sikkut stressed once more that the right solution for Estonia is a solidary healthcare model. At the…