Estonia, Financial Services, Investments, Port, Transport

International Internet Magazine. Baltic States news & analytics Saturday, 02.08.2025, 17:27

Profit of Tallinn Port forecasted to exceed EUR 50 mln in 2018

BC, Tallinn, 28.12.2015.Print version
The net profit of the state-owned Estonian port operator Port of Tallinn should according to financial forecasts cross the 50 million euro mark in 2018 when the company is expected to make a profit of 52.4 million euros, reports LETA/BNS.

The operating income of the company is seen to remain at the previous year's level in 2015, totaling 111 million euros, and grow to 124 million euros in 2016, 152.7 million euros in 2017, 158.6 million euros in 2018 and 165 million euros in 2019, it appears from the consolidated report for 2014 of public undertakings and state-controlled foundations and non-profit organizations drawn up as at the end of October.

 

The port company is expected to earn a profit of 41.3 million euros this year, 44.9 million euros next year and 49.6 million euros in 2017.

 

Investments will total 82.4 million euros in the outgoing year and 77.6 million euros next year. Thereafter the volume of investment will decline to 28.3 million euros but increase again to 36.1 million euros in 2018. In 2019, investments are planned to reach 71.1 million euros.

 

The company's debt liabilities will also be on an upward trend, rising from this year's 191.8 million euros to 241.6 million euros in 2016 and amounting to 295 million euros by 2019.

 






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