Eesti in brief

May 20, 2009

AS Merko Ehitus announced on the Tallinn Stock Exchange a 79 percent fall in group profits in the first quarter of 2009.  The profit of 36.9 million kroons (2.4 million euros) was 139.2 million kroons down on the similar period in 2008.  The key factor in this fall was the drop in sales of 609.2 million kroons,  equivalent to 45.6 percent.  Indirect costs such as marketing and general expenses were cut by 23 percent, but these were not enough to match the fall in revenues. Th ...

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