News
In the third quarter of 2019, the unaudited consolidated sales revenue of Tallinna Kaubamaja Group was 179.9 million euros, exceeding the result of the previous year by 8.3%. The sales revenue generated in nine months was 525.4 million euros, showing a growth of 5.3% compared to the first nine months of 2018, when the sales revenue was 498.8 million euros. In the third quarter of 2019, the Group’s unaudited consolidated net profit was 10.9 million euros, which is 10.4% higher of the profit earned in the comparable period last year. The Group’s net profit was 17.1 million euros in the first nine months of 2019, showing a 9.7% decrease year on year, which was influenced by a higher tax cost and calculated interest expense of IFRS 16. The pre-tax profit was 23.5 million euros in the first nine months of 2019.
Unaudited consolidated interim accounts for the second quarter and first six months of 2019
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. Read more
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