Thu, 12 Nov 1998: Earnings of the listed and to-be-listed companies…



Consolidated net sales during the same period totaled 153.9 million kroons, including 148.6 million kroons from hotel Olumpia, the company told the stock exchange. The nine-month profit was down by nearly 28 percent from the same period last year. Katrin Rasmann, chief finance manager of the hotel group, said the drop in profit was caused by a sudden increase in the parent company's marketing, management and development costs which were necessary to attain the goals set down in the group's development plan. ä Tallinna Farmaatsiatehas (Tallinn Pharmaceutical Factory) posted a negative profit of 21.5 million kroons for the first three quarters of 1998. Nonaudited data shows the parent company's loss during January-September was 20.4 million k... Read the rest of this entry »

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