OREANDA-NEWS. March 29, 2010. The 2009 Audited Annual Accounts of AS Tallinna Vesi corresponded to the preliminary financial results published on 29 January 2010.

AS Tallinna Vesi’s audited results for 2009 demonstrated that the Company’s operating profit from water and wastewater related activities increased by 9.8 per cent to 414.4 million kroons year-on-year, while operating profits from other activities increased by 70.2 per cent to 47.5 million kroons. The company invested 251.6 million kroons in 2009.

AS Tallinna Vesi laid 43km of new sewerage pipes instead of the planned 39km in 2009, thus giving nearly 1500 families the opportunity to access the public sewerage network including over 200 customers who have been given the chance to connect to the network a year earlier than planned due to the additional pipe constructed.

During the twelve months of 2009 the Company's total sales increased, year on year, by 7.3 per cent to 772.4 mln EEK. Sales of water and wastewater treatment were 707.4 mln EEK, a 7.5 per cent increase compared to the twelve months of 2008. The Company's net profit for the twelve months of 2009 was 339.9 mln EEK, which is 14.9 per cent higher than the net profit of 296.0 mln EEK in the equivalent period in 2008.

AS Tallinna Vesi invested 251.6 million kroons in 2009, of which 208,7 million kroons were invested into networks, 17.4 million kroons in the Paljassaare wastewater treatment plant, 6.4 million kroons into water quality and 19.1 millions kroons into other investments.

AS Tallinna Vesi shall announce its dividend proposal on April 22nd after the issue has passed voting at the next supervisory council meeting.