News
In the fourth quarter of 2018, the unaudited consolidated sales revenue of Tallinna Kaubamaja Group was 182.4 million euros, exceeding the year-on-year result by 4.2%. The sales revenue generated in 12 months was 681.2 million euros, showing an increase of 4.6% compared to the result of 2017, when the sales revenue was 651.3 million euros. In the fourth quarter of 2018, the unaudited consolidated net profit of the Group was 11.5 million euros, which is 3.3% lower than the profit of the same period of the previous year. The net profit of the group was 30.4 million euros in 2018, which is 2.0% better compared to the previous year. The pre-tax profit of twelve months was 36.7 million euros, showing a growth of 0.7% compared to the previous year. The size of the net profit was influenced by the dividend payment, on which income tax of 6.3 million euros was accrued in the first quarter of 2018, whereas a year earlier, income tax was accrued in the amount of 6.7 million euros.
Deletion of Selver Latvia SIA from the register of enterprises
On 30 August 2018, Tallinna Kaubamaja Grupp AS published a stock exchange announcement, in which they announced that Selver Latvia SIA, a subsidiary established for operating on the Latvian retail market, shall be dissolved. Read more
Reporting calendar in 2019
In 2019, the consolidated financial results of Tallinna Kaubamaja Grupp AS will be published on the following dates after the closing of market. Read more