|Estonia Business News: Archive 2003-
Wednesday, 20th of February, 2008
Telegrupp's profit grew 97%
Telegrupp AS had EEK 114 million turnover in 2007 and income before income tax EEK 12.7 million. Compared to year 2006, turnover increased 47% and profit 97%. Investments lessened 85% compared to previous year.
Ossinovski's company earned EEK 177 million
Owner of Spacecom Oleg Ossinovski states that he is very satisfied with company's results in 2007. Turnover of AS Spacecom in 2007 reached EEK 629.2 million and income before income tax was EEK 176.5 million. Sum of investments was EEK 45 million last year. For this year company expects EEK 483 million turnover.
Merko exceeded expectations with the end of the year
Merko Ehitus published economic results for 4Q and year 2007. Although net profit of 4Q lessened compared to last year, results exceeded analysts' expectations considerably. Gross profit of Merko Ehitus grew 39% in a year and reached EEK 295.1 million in final quarter. Merko's board member Alar Lagus said that year 2007 was remarkable for several reasons. "We gained the biggest sale income of all times; turnover grew 25% to EEK 5.5 billion," said Lagus.
Friday, 22nd of February, 2008
Casino operator Olympic Entertainment Group AS business income grew 50% in 2007 to EEK 2.5 billion. Net profit dropped 5.6% to EEK 381.7 million.
Incasso companies sale on high tide
Slowdown in economic growth has brought new customers to incasso companies. According to representative of incasso company Võlaabi OÜ Mart Kuuse, number of customers in January grew 60% compared to January 2007.
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