The Company’s net profit in 9 months of 2012 remained stable compared to the same period of 2011, increasing by 0,1 mln euros.
AS Tallinna Vesi’s chairman of the management board explained that the financial performance of the Company has remained solid, despite the frozen tariffs on 2010 level. ”The operational performance highlights the best ever results in key indicators such us wastewater treatment, networks and level of leakages,” Plenderleith added.
The Company would like to highlight that the share price has increased by 36% during 2012 due to Tallinn District Court’s confirmation that tariffs part of the Services Agreement is a public law agreement.
The Company has calculated that the average real return on invested capital from 2001 till 2012 has been 6.2% and this is fully in accordance with the real returns allowed by UK and Dutch regulators. The Company has continuously stated its belief in fully transparent regulation and its willingness to enter into meaningful and evidence-based dialogue that takes into account the privatization contract signed in 2001.
Mariliis Mia Topp
Head of Communications
AS Tallinna Vesi
62 62 275
mariliis.topp@tvesi.ee