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.
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