AS Tallinna Vesi Supervisory Council confirmed 2011 financial results
AS Tallinna Vesi Supervisory Council confirmed 2011 financial results
The Supervisory Council of AS Tallinna Vesi confirmed the audited financial results for the year 2011. The financial reports remained unchanged compared to the preliminary disclosure on 27 January 2012.
The Company's turnover from the main business activity, the sales of water and wastewater increased by 3 per cent to 46.5 million euros and the operating profit from these activities increased by 5 per cent to 25,4 million euros. The real return on invested capital in the Company's main business was 6.5 per cent in 2011 and 6.2% during the period after privatization from 2001, which is in accordance with the rates of return made by other privatized water utilities.
The Company has decided to postpone the date of the Annual General Meeting of the Company's shareholders by one week to May 22th 2012.
Siiri Lahe
Chief Financial Officer
Member of the Management Board
Phone 62 62 262
|