Estonian Review 31 December (BNS)
The total net profit of Estonian companies in 2011 amounted to 3.1 billion euros, 50.8% more than in 2010, Statistics Estonia said. Companies that were profitable in 2011 netted altogether four billion euros, 20.6 % more than in the preceding year. Loss-making companies taken together sustained a loss of 913.6 million euros, a 28% smaller figure than in 2010.
Net sales of Estonian companies grew 21.9% over 2010 to 46.3 billion euros. Labour costs of enterprises during 2011 totaled 4.9 billion euros, 11.2% more than in 2010.
The total number of enterprises, 61 984, was 6.2% bigger than in 2010. The average number of employees was 414 415, marking an increase of 3.6% over the preceding year.
Total equity of Estonian companies increased 5.2% year on year to 27 billion euros at the end of 2011.
Estonian companies had liabilities amounting to 24.4 billion euros at the end of the year, 4.6% more than at the end of 2010.
Profit of Estonian Companies Soars 50.8 Percent in 2011