Estonia, Good for Business, Markets and Companies, Water

International Internet Magazine. Baltic States news & analytics Thursday, 24.09.2020, 04:01

Revenue, profit of Tallinna Vesi up in Q3 of 2018

BC, Tallinn, 26.10.2018.Print version
The sales revenue of the listed Estonian water services company AS Tallinna Vesi in the third quarter of 2018 rose 7.6% on year to 16.5 mln euros, while the company's net profit rose 1.4% to 7.1 mln euros, informs LETA/BNS.

The profit was mainly impacted by higher water and wastewater revenues and lower electricity costs and depreciation, which was supported by a significant increase in income earned from the sale of construction and asphalting services, Tallinna Vesi told.

The company's sales revenue for the first nine months of the year was approximately 46.6 mln euros, marking a year-on-year increase of 6.2% or 2.7 mln euros. At the same time, Tallinna Vesi's net profit for the same period grew 8.4% on year to 19.1 mln euros.

As at the end of the third quarter of 2018, the company had 310 employees, which is four less than at the same time the year before. Tallinna Vesi's labor expenses totaled 2 mln euros in the third quarter of the year.


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