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Olerex managed to increase profits in 2009
Juhan Tere, BC, Tallinn, 28.06.2010.
Print version
Print versionEstonian chain of filling stations Olerex increased its profits by more than 4 million kroons to 18.9 million kroons in 2009, writes LETA/Postimees Online.
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At the same time, the fuel retailer’s sales turnover fell from 1.5 billion kroons to 1.2 billion.
The management board of the enterprise noted in the annual financial report that the year 2009 was a stable one in terms of fuel sales volumes – during the first half of the year there was a slight decline in the year-on-year comparison in sales of motor fuels and goods sold in filling stations while in the second half, there was a moderate increase.
Olerex increased the number of its filling stations to 42.
Olerex is owned directly and via a holding company by two businessmen – Antti Moppel and Andres Linnase.
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