In the 3rd quarter of 2018, the Group’s total sales revenues increased by 7.6% to EUR 16.49 million. Group’s gross profit was EUR 8.59 million, showing an increase of 0.3% year-on-year.
Revenues from sales to private customers increased by 2.8% and sales to corporate customers by 5.6% due to increase in consumption. Besides higher water and wastewater revenues, the sales were also impacted by further growth from non-regulated business, as OÜ Watercom grew its revenues by 44.5% year-on-year.
The Group’s net profit for the 3rd quarter of 2018 was EUR 7.14 million, being 1.4% higher than in the 3rd quarter of 2017. The profit was mainly impacted by higher water and wastewater revenues and lower electricity costs and depreciation.
Tallinna Vesi is still awaiting the final verdict from the International Arbitration.
Eliis Vennik
Head of Communications
Tallinna Vesi
(+372) 626 2275
Eliis.vennik@tvesi.ee