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Wednesday, 24.04.2024, 08:41
Silmet Group saw profits fall by more than half in 2013
BC, Tallinn, 27.06.2014.
Print version
Print versionEstonian Silmet Group earned 4.2 million euros in profits in 2013, writes LETA/Postimees Online.
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The enterprise that has former Prime Minister Tiit Vähi as its major shareholder had earned 9.3 million euros in profits in 2012.
Silmet Group is a holding company, earning majority of its revenue from investments into subsidiaries and linked enterprises. Silmet Group’s subsidiaries are Ökosil (65% of shares), Navesco (51% of shares), the Port of Sillamäe (50% holding), Sillamäe Heat and Power Plant (50%), Silport Kinnisvara (50%), and Silsteve (50%).
The group’s priority investment areas were investments into the port and into the energy sector.
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