OREANDA-NEWS. The Company's total sales increased to 52,9 million euros in 2012, showing 3,3% increase compared to 2011. The sales increased mainly due to an increase from the commercial sector and from other municipalities outside the service area.

AS Tallinna Vesi's operating profit in 2012 was 28,8 million euros, being comparable with 2011. Increased sales volumes from the main business activities were offset by lower income from connections. Compared to 2011 the non monetary influence of revaluation of swap contracts has decreased significantly, in 2011 this the company had a negative P&L movement of 2,22 million Euros however 2012 it resulted in a positive movement of 0,09m Euros. This impact of this non-monetary swap contract revaluation is the main contributor to a 5,1% increase in the Company's net profit to 22.6m Euros.

Chairman of the Board Ian Plenderleith said that the Company's operating and quality indicators show consistent improvement. "The highlight of 2012 would be tap water quality which is comparable to the Western-European water quality level, remarkably improved indicators in wastewater treatment, network operations and in customer service" he added. Due to excellent operational performance and efficiency the operating profit from main business activity by 5,2% in 2012.

"The Company's financial, operational and environmental performance was excellent in 2012, despite that the tariffs have been frozen at the level of 2010", said Plenderleith.

The Company was recognized for eminent investor relations, being awarded with second place on all the Baltic Stock Exchanges by Nasdaq OMX for the Best Investor relations. In addition the Company was awarded 2nd place for Best Investor Relations Online and Best Annual Report on all the Baltic Stock Exchanges. "It is extremely satisfying that the local and international investors and market participants recognise the open communication and hard work we do to present our company in the most accurate and transparent way possible. It is gratifying to remain the leading stock exchange company in Estonia for investor relations and governance. We would like to thank all of our partners for their efforts in working with AS Tallinna Vesi that have helped us to achieve such recognition despite the complicated environment we are operating in," said Plenderleith.

With regards the matters of economic and quality regulation the Company has continuously stated its belief in fully transparent regulation and its willingness to enter into meaningful dialogue that takes into account the privatization contract signed in 2001.