Kaubamaja Reports Lower Second-Quarter Profit on Dividend Tax
By Ott Ummelas -
2011-08-09T13:41:30Z
AS Tallinna Kaubamaja, Estonia’s largest retailer, reported lower second-quarter profit, citing tax expenses on dividend payment.
Net profit declined to 3.6 million euros ($5.1 million) from 4.9 million euros a year earlier, the Tallinn-based company said in a regulatory statement today. Revenue rose 7 percent to 110 million euros.
Kaubamaja paid dividend tax of 3 million euros in June. It paid no tax on dividends last year.
To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net
To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.