News
In the second quarter of 2019, the unaudited consolidated sales revenue of the Tallinna Kaubamaja Group was 181.7 million euros, exceeding the results of the previous year by 4.5%. The sales revenue of the first half-year was 345.4 million euros, showing a growth of 3.9% compared to the first half-year of 2018, when the comparable sales revenue was 332.6 million euros. In the second quarter of 2019, the Group’s unaudited consolidated net profit was 8.4 million euros, which was 9.2% lower than the profit of the comparable period. The Group’s net profit was 6.2 million euros in the first six months of 2019, which is nearly one third lower year-on-year. The pre-tax profit was 12.6 million euros in the first half-year, showing a decrease of 17.4% compared to the previous year. The net profit was influenced by a dividend payment, on which income tax in the amount of 6.5 million euros was calculated in the first quarter of 2019, compared to the income tax of 6.2 million euros calculated a year earlier.
Payment of dividends
Pursuant to the decision of the general annual meeting of shareholders of Tallinna Kaubamaja Grupp AS held on 21 March 2019, a dividend of 0.71 euros per share will be paid. The list of shareholders entitled to receive dividends was fixed on 4 April 2019, as at the end of the working day of the Nasdaq CSD branch in Estonia. Dividends will be paid to shareholders on 12 April 2019 by transfer to shareholders’ bank accounts. Read more
Unaudited consolidated interim accounts for the first quarter of 2019
In the first quarter of 2019, the unaudited consolidated sales revenue of the Tallinna Kaubamaja Group was 163.7 million euros. The growth was 3.2% compared to the first quarter of 2018, when the comparable sales revenue was 158.6 million euros. The net loss of the reporting period was 2.2 million euros, influenced by the income tax calculated on dividends (6.5 million euros). The loss in the first quarter of 2018 was 0.2 million euros, including 6.2 million euros of income tax. The pre-tax profit was 4.3 million euros – 1.8 million euros lower than the result of the previous year, of which 0.4 million euros was due to the negative impact on the pre-tax profit caused by the difference of estimated interest and depreciation calculated in accordance with the new financial reporting standard IFRS 16, which entered into force on 1 January 2019. Read more