Energy, Estonia

International Internet Magazine. Baltic States news & analytics Wednesday, 19.06.2024, 21:08

Harju Elekter ended the year 2008 with 38.551 mln kroons profit

Juhan Tere, , BC, Tallinn, 24.04.2009.Print version
Estonian manufacturer of electric equipment and materials Harju Elekter in the year 2008 earned the net profit in amount of 38.551 million kroons, the company reported to Tallinn Stock Exchange.

Retained profits from the previous periods as of December 31, 2008, totalled 114.9 million kroons, writes LETA.


Harju Elekter decided to plan and carry out the issue of shares in 2012 by way of direct placement.


The objective of the planned issue of shares is to involve the members of the directing bodies and employees of companies within the same group with Harju Elekter and members of the management board of affiliated companies of Harju Elekter as the shareholders of Harju Elekter in order to motivate these persons to make efforts towards achieving better financial results for Harju Elekter, thereby ensuring the economic development of the company and involvement of additional funds in the equity capital of Harju Elekter and increasing the value of the shares in Harju Elekter.

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