Total state-owned company revenue reaches record high of €1.8 billion ({{contentCtrl.commentsTotal}})

2018 figures topped the previous record set in 2013.
2018 figures topped the previous record set in 2013. Source: Siim Lõvi/ERR

The total revenue of Estonian state-owned companies reached a record high of €1.8 billion in 2018.

The previous record, registered in 2013, was exceeded by 6 percent.

Compared with 2017, sales revenue increased by €221 million, or 13.9 percent, last year. Revenue increased in 22 companies and decreased in six, it appears from a report published by the Ministry of Finance.

The net profits of state-owned companies totaled €209 million in 2018, marking an increase of 13.6 percent on year.

In total, state-owned companies paid dividends in the amount of €153 million last year. The companies' assets totaled over €7 billion; their total workforce was 13,400 people.

As of the end of 2018, the state owned a holding in 29 companies. It was the sole owner of 25 companies, and owned the majority holding in three.


Download the ERR News app for Android and iOS now and never miss an update!

Editor: Aili Vahtla

Hea lugeja, näeme et kasutate vanemat brauseri versiooni või vähelevinud brauserit.

Parema ja terviklikuma kasutajakogemuse tagamiseks soovitame alla laadida uusim versioon mõnest meie toetatud brauserist: