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Tallinna Kaubamaja Profit Rises on Department Stores, Cars

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Feb. 15 (Bloomberg) -- Tallinna Kaubamaja AS, 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.

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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