OREANDA-NEWS. The Supervisory Council of AS Tallinna Vesi approved the audited financial results for the year 2013. The financial results remained unchanged compared to the preliminary disclosure on 24th of January 2014.

The Company's sales revenue for 2013 remained broadly flat standing at 53,1 million euros, compared to 2012.

The Company's operating profit decreased by 14%, from 28,8 million euros to 24,8 million euros, compared to the previous year. The decrease was affected by the increased pollution tax but also by the fact that the extension program of water and wastewater network was finished in 2012 and in 2013 there was no income for the compensation for pipes.

The real return on invested capital in the Company's main business was 5,7% in 2013 and 6.2% during the period after privatization from 2001, which is in accordance with the rates of return made by other privatized water utilities.