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Baltika of Estonia Says June Revenue Fell 4% on Russia, Ukraine

AS Baltika, the third-largest Baltic clothing company, said revenue fell 4 percent in June from a year earlier, as sales in Russia and Ukraine dropped.

Revenue declined to 4.1 million euros ($6 million) from 4 million euros a year earlier, the Tallinn, Estonia-based company said today in a regulatory statement. Retail sales fell 12 percent in Russia and 28 percent in Ukraine.

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