Baltika of Estonia Reports Fourth-Quarter Loss on Writedowns

AS Baltika, the Baltic region’s third-largest clothing retailer, posted a loss in the fourth quarter, citing one-time write-offs and provisions.

Net loss totaled 1.88 million euros ($2.53 million) in the fourth quarter, the Tallinn-based company said in a regulatory statement today. Revenue grew 3 percent to 15.49 million euros from the previous year.