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 email@example.com
To contact the editor responsible for this story: Balazs Penz at firstname.lastname@example.org