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Sweet times for Kalev

Sep 03, 2008
By Vincent Freeman

KUSMIN: Confident that Kalev’s brand will lead the market.
TALLINN - The current economic situation isn’t bitter for everybody.  AS Kalev announced profits of 188 million kroons largely as the result of a windfall in the form of a successful compensation claim from Alta Capital an investment company who had agreed to buy the company then pulled out. Alta Capital has already paid AS Kalev 94 million kroon and will pay another 47 million kroon by the end of 2008. The net turnover of AS Kalev in the financial year ending in June was 113.2 million ...


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