During the 3rd quarter of 2013, the operating profit from the Company’s main business activity decreased by 0,66 mln euros to 6.31 mln euros, compared to the relevant period of 2012, mainly due to the increase in the cost of goods sold. As a result profit before taxes decreased also by 0,68 mln euros compared to the same period in 2012. In the 3rd quarter of 2013 the Company’s total sales remained stable increasing, year on year, by 0.4% to 13.12 mln euros.
Chairman of the Board Ian Plenderleith said that the Company continues to focus on the improvement of the service quality.
With regards to the matters of regulation the Company has continuously stated its belief in fully transparent regulation and its willingness to enter into meaningful dialogue that takes into account the privatization contract signed in 2001. AS Tallinna Vesi tariffs continue to be on the same level based on temporary injunction granted by the Court for the period of court proceedings to protect the Company from the unilateral breach of privatization agreement. At current time, the date of the next court hearing is not set.
Mariliis Mia Topp AS Tallinna Vesi Head of Communications Tel: +372 62 62 275 mariliis.topp@tvesi.ee
