Tallinna Kaubamaja Profit Rises on Supermarkets, Cars

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.

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

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