Unaudited consolidated interim accounts for the third quarter and first nine months of 2020

In the third quarter of 2020, the consolidated unaudited sales revenue of Tallinna Kaubamaja Grupp was 194.2 million euros, which was 8.1% higher than the sales revenue of the same period in 2019. The sales revenue in the first nine months was 540.7 million euros, which was a 3.1% increase in comparison with the result of the first nine months of 2019, when the sales revenue was 524.6 million euros. The Group’s consolidated unaudited net profit of the third quarter of 2020 was 7.4 million euros, which was about a third less than the profit of the comparable period in 2019. The Group’s net profit of the first nine months of 2020 was 11.5 million euros, which was also about a third less than the result of the previous comparable period. In the first nine months of 2020, pre-tax profit was 17.3 million euros, which is 26.3% less than the year before. Net profit was affected by the dividend payment, from which 5.8 million euros of income tax was calculated in the first quarter of 2020; 6.5 million euros of income tax was calculated a year before.

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