Tallinna Vesi
AS Tallinna Vesi’s 2014 nine months net sales have increased while operating profit remains stable
DGAP-News: Tallinna Vesi 24.10.2014 / 08:35 --------------------------------------------------------------------- AS Tallinna Vesi's net sales for the nine months in 2014 have increased by 1.6% to 39.93 million euros, compared to the same period last year. The Company's tariffs are frozen at the 2010 tariff level, therefore changes in the revenues from the main activities are fully driven by consumption. Despite the increase in sales revenues, the operating profit for the nine months of 2014 has remained stable, increasing by 0.1% to 18.23 million euros. AS Tallinna Vesi's operating profits continue to be affected by the legal expenses with regards to the ongoing legal disputes. In addition to the local tariff dispute AS Tallinna Vesi has commenced international arbitration proceedings against the Republic of Estonia. The Company is claiming compensation for potential damages for total losses over the lifetime of the contract to 2020. Mariliis Mia Topp AS Tallinna Vesi Head of Communications Tel: (+372) 62 62 275 mariliismia.topp@tvesi.ee News Source: NASDAQ OMX --------------------------------------------------------------------- 24.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Tallinna Vesi Estonia ISIN: EE3100026436 End of News DGAP News-Service --------------------------------------------------------------------- 293161 24.10.2014
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