State companies to pay out €136 million in dividends in 2017 ({{commentsTotal}})

Port of Tallinn is an Estonian state-owned company.
Port of Tallinn is an Estonian state-owned company. Source: (Wikimedia Commons)

The government confirmed that Estonia’s state-owned companies will altogether pay out €136 million in dividends this year.

This is €42.6 million more than in 2016, paid by 12 state-owned companies. The biggest pay-out is coming from AS Tallinna Sadam (Port of Tallinn) and amounts to €48 million.

Eesti Energia is a close second at €47 million, and energy network operator Elering will pay out €20 million this year.

The Estonian Air Navigation Services (EANS) will pay out €8.2 million, national lottery Eesti Loto €7 million, road operator Eesti Teed €3.3 million, and Eesti Post €1.3 million.

Other companies that will pay out dividends include AS Eesti Loots, AS Vireen, AS Teede Tehnokeskus, AS Kredex, and AS Eesti Kaardikeskus.

“The state sets dividends taking into account every specific company’s results, particularly net profit, liquidity, and investments,” Minister of Finance Sven Sester (IRL) commented the announcement.

Editor: Dario Cavegn