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International Internet Magazine. Baltic States news & analytics Tuesday, 22.07.2025, 13:59

Viisnurk ends 2010 in profit 0.8 mln euros

Juhan Tere , BC, Tallinn, 23.02.2011.Print version
Estonian timber products and furniture company Viisnurk announced on Tuesday that its consolidated net sales of 2010 increased by 5.9% and amounted to 13.9 million euros while the consolidated net profit amounted to 0.8 million euros, compared to 10 thousand euros in 2009.

Consolidated net sales of fourth quarter 2010 was 4.1 million euros, representing a 17.2% increase on the fourth quarter compared to the same period 2009. Consolidated operating profit amounted to 243 thousand euros, which means the growth of 52%. Consolidated net profit increased by 43% and amounted to 209 thousand euros, informs LETA.

 

In the fourth quarter all business segments of the concern were profitable. AS Viisnurk has overcome well the global economic crisis and is now exiting the crisis. In fourth quarter sales revenue increased in all fields of business. The sales of construction materials showed up the highest growth, namely 37%. Also retail sale made a good 10% growth. The cost saving program implemented in SKANO retail chain and 10% increase of the sales turned the retail sale into profit in fourth quarter.






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