Tallinna Kaubamaja AS (TKM1T), Estonia’s biggest retailer, reported first-quarter profit doubling from a year earlier, helped mainly by increased demand at its supermarkets and car retail unit.
Net income rose to 3.2 million euros ($4.2 million), from 1.6 million euros a year earlier, the Tallinn-based company said in a regulatory statement today. Revenue rose 10 percent to 106 million euros.
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