AS Tallinna Vesi´s sales increased in 4th quarter
In the 4th quarter of 2018, the Group’s total sales revenues increased by 1.6% or EUR 0.26 million year-on-year.
Sales to domestic customers increased by 2.6% in the 4th quarter, also, the sales related to construction and asphalting services increased considerably by 8.8%. However, the sales of storm water disposal and treatment services dropped both within the main service area and in surrounding municipalities due to lower level of precipitation.
The gross profit of the 4th quarter of 2018 was EUR 8.38 million, showing a decrease of 4.7%, which was mainly due to increased sales from water and wastewater services, accompanied by higher chemicals and asset maintenance costs. The operating profit of Tallinna Vesi was EUR 5.29 million and net profit EUR 5.01 million.
Tallinna Vesi is still awaiting the final verdict from the International Arbitration.
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