OREANDA-NEWS. July 24, 2012. . AS Tallinna Vesi’s net profit decreased by 2.0 mln euros or 21% to 7.5 mln euros during the first half-year of 2012 compared to 2011.

„The profit decrease was mainly related to the impact from one-off non-regulated income and expenses like decrease in construction profits, one-off collection of bad debt in 2011 only and adverse impact from non-cash revaluation of fair value of swap agreements, “  explained Ian Plenderleith, adding that „The Company’s underlying financial performance was solid and once again the Company improved its customer service and environmental indicators.“

The Company invested 4.4 mln euros during the first half-year of 2012. 2.6 mln euros were invested in treatment plants & networks to improve the quality of water and wastewater, 0.6 mln euros were invested to improve the  efficiency in long term and 1.2 mln euros was related to the construction of connection points and completion of networks extension program.