EE: Aggregate profits of Estonian companies up by 66% y/y in Q2.

By bne IntelliNews September 6, 2011
Aggregate profits of Estonian companies amounted to EUR 748mn in Q2, 66% y/y increase. In q/q terms the profit rose by 12% q/q, Statistics Estonia indicates. Profits increased mainly due to increases in profit growth recorded in construction and manufacturing. Construction profit growth was mainly due to the low comparative base in Q2/10, while manufacturing profits were driven by growth in exports. Revenues of Estonian enterprises amounted to EUR 10.5bn in Q2, which indicates 20% y/y increase. Enterprises total costs grew by 16% y/y in Q2, while personnel costs grew by 10% y/y. In Q2 Estonian companies invested EUR 578mn, 71% y/y increase.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss