Tallinna Kaubamaja Profit Rises on Department Stores, Cars

Tallinna Kaubamaja AS (TKM1T), Estonia’s biggest retailer, said its fourth-quarter profit rose 18 percent, helped mainly by increasing demand at its department stores and car retail unit.

Net income rose to 8.7 million euros ($11.4 million) from 7.4 million euros a year earlier, the Tallinn-based company said in a regulatory statement today. Revenue rose 6 percent to 120 million euros.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.