Kaubamaja's net profit shrank by 80% in 2008

Tallinna Kaubamaja AS's audited net profit in 2008 was EEK 83.1 million, which is a decrease of 80% compared to 2007 (EEK 410.8 million).

The consolidated revenues in 2008 amounted to EEK 6.5 billion against EEK 5.9 billion in 2007. So the revenue increased by 11%...

Today's reaction from Tallinn Stock Exchange: nothing. At 13.27 (local time), the share is steady!