Baltika of Estonia Reports Fourth-Quarter Loss on Writedowns
By Milda Seputyte -
2012-02-29T12:50:20Z
AS Baltika, the Baltic region’s third-largest clothing retailer, posted a loss in the fourth quarter, citing one-time write-offs and provisions.
Net loss totaled 1.88 million euros ($2.53 million) in the fourth quarter, the Tallinn-based company said in a regulatory statement today. Revenue grew 3 percent to 15.49 million euros from the previous year.
To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net
To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net
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