Tallinna Kaubamaja Group’s pre-tax profit last year reached 35.5 million euros, which is 17.5% less than the year before.
According to Tallinna Kaubamaja Group’s stock exchange announcement, last year’s unaudited turnover reached 944.6 million euros. It was 2.7 million euros, or 0.3% less than a year earlier. Turnover decreased in the supermarket and department store segment and increased in the car trade, security and real estate segments.
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New Year’s view of a large entrepreneur
If you look purely at the forecasts of economic analysts for the new year, you cannot be an entrepreneur and should give up your business, says big entrepreneur Jüri Käo, but he emphasizes: you have to stay positive in difficult times.
It is difficult to see economic growth in Estonia this year, because tax increases are delaying it. The setting time also increases accordingly, said Jüri Käo, a major entrepreneur.
On Wednesday evening, the managers of Tallinna Kaubamaja appeared before the investors to give a comprehensive overview of the company’s business and share their vision for the future.
Stronger positioning of Estonia as a Nordic country and selling business here will help attract companies that would otherwise not come here due to fear of war. “If we want to be successful, we have to be part of the Nordic countries,” says Tallinna Kaubamaja manager Erkki Laugus.
Estonian investors are invited to the real estate market of several exciting countries – including Dubai. The rapidly growing city and the added population give developers reason to rejoice.
Source: www.aripaev.ee
