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International Internet Magazine. Baltic States news & analytics Friday, 19.04.2024, 06:56

Vesta Terminal Tallinn sees 6.6% drop in sales in 2015

BC, Tallinn, 10.06.2016.Print version
The revenue of the Estonian commodity transit operator Vesta Terminal Tallinn OU totaled 29.7 million euros in 2015, 6.6% less than in 2014, and profit dropped 12% year over year to 10.6 million euros, reports LETA/BNS.

Almost all the revenue was generated by reloading international transit goods and providing related services, it stands in the annual report.

 

The group financial result was influenced the most by fluctuations in the price of crude oil, changes in the exchange rate of the U.S. dollar to the euro and a rapid rise in labor costs in Estonia, the company said.

 

The company invested 718,000 euros in expanding and improving its terminal and railway infrastructure last year.

 

Vesta Terminal Tallinn employed on the average 114 people in 2015, 28 fewer than in 2014. Wage costs totaled 3.1 million euros, compared with 3.3 million euros in 2014.

 

The company planned to pay 500,000 euros in dividend.

 

Vesta Terminal Tallinn is company active in the transit shipment and storage of oil and petrochemical products, oil shale products and other commodities.






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