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> The consolidated net turnover of the EMV building group was 233.5 million kroons ($15.93 million), its net income showing a 0.3 million kroon loss from January to June of this year. The EMV group's half-year results were in accordance with plans and the board sees no need to revise its turnover and profit targets for 1999, financial analysis division manager Marko Kaha said. EMV's 1999 targets for turnover and net profit are respectively 680 million and 14 million kroons. Compared with the same period last year, the group's turnover declined by 150.5 million kroons from January to June. The first six months of the year were significantly affected by the small turnover in the first quarter, and the loss this caused the company, Kaha said. In the second quarter, the group earned a 6 million kroon profit.
> Estonian Telecom earned 347 million kroons in profits from in the first half of this year. Telecom's net turnover in the six-month period was over 1.68 million kroons, up by 17 percent year on year. The half-year turnover of Eesti Telefon was 1.17 million kroons, with a net profit of 143.5 million kroons. The turnover and net profit of Eesti Mobiiltelefon were 740.1 and 215.1 million kroons respectively.
> Hansapank earned a 274.6 million kroon profit in the first seven months of 1999, of which 41.2 million kroons were earned in July. In June Hansa-pank's profit was 43.6 million kroons. Of the bank's total income, 55.4 percent was net interest from income after provisions, 17.3 percent financial income, 26.2 percent income from service charges and 1.1 percent income from other sources. The bank's loan portfolio stood at 11.87 billion kroons at the end of July and clients' deposits at 13.21 billion kroons, Hansapank reported. Compared with the end of June, the bank's loan portfolio declined by 0.27 billion kroons and clients' deposits by 0.42 billion kroons. Hansapank's total assets stood at 22.76 billion kroons at the end of July, down by 2.6 percent or 0.61 billion kroons over the month. Hansa-pank's equity stood at 4.43 billion kroons as of July 30 compared with 4.39 billion kroons at the end of June.
> The insurance company Leks Kindlustus collected 120.4 million kroons of non-life premiums in the January-July '99 period, 6.2 percent more than in the same period last year. In July, Leks collected 18.2 million kroons of premiums. In seven months Leks has made claim settlements in the amount of 63.6 million kroons, of which 7.6 million kroons were paid in July. This year, growth has been the fastest in products offered to individuals, Leks Insurance Public Relations Director Pille Eikner said. Leks Insurance controlled 18.5 percent of market share at the end of June.
> Optiva Bank reported a profit of 1.1 million kroons in July, which brings its profit for January-July to 8.7 million kroons. In June, Optiva Bank's profit was 2.6 million kroons. At the end of July, the bank's total assets stood at 3.3 billion kroons, down by 130.9 million kroons or 3.8 percent from June, the bank reported. The main reason for the decline was a reduction in clients' deposits, by 83.8 million kroons, or 7.4 percent. The bank had more than 1.04 million kroons of deposits at the end of July, of this 62.6 percent in demand deposits and 37.4 percent in time deposits. Optiva Bank's net loan portfolio increased by 66.1 million kroons or 3.8 percent in July, and stood at over 1.78 million kroons at the end of the month. The loans portfolio made up 54 percent of the bank's assets. Optiva Bank's capital adequacy at the end of July was 11.45 percent.
> The consolidated net profit of Estonia's Uhispank Group was 44.9 million kroons in the first six months of 1999, according to non-audited figures, as compared with 82.4 million kroons for the same period in 1998. The group's total assets at the end of June stood at more than 17 million kroons. They have increased by 600 million kroons, or 3.4 percent, since the beginning of the year. "The group's profit was strongly influenced by the reduced demand for loans as a result of Estonia's economic depression, and transition of successful Estonian companies to foreign capital over the past few years," said Ulo Suurkask, deputy president of Uhispank.
> The audited profit of Latvijas Unibanka, for the first six months of this year, was 5.50 million lats ($9.32 million) - half of its 11 million lat end-of-year target, the bank's management reported. The non-audited profit of Latvijas Unibanka was 626,000 lats higher than the audited profit. The bank's half-year non-audited profit was over 6.13 million lats.
> The Lithuanian oil concern Mazeikiu Nafta reported an audited loss of 128.6 million litas ($32.15 million) for the first half of 1999. The semi-annual loss figure was up from 47.24 million litas posted by the concern before the audit, conducted by the international auditors firm Arthur Andersen. Mazeikiai Oil's semi-annual turnover was 1.08 billion litas. The company's information office blames the loss on a 26-day closure of the Mazeikiai oil refinery, which makes up part of the oil complex. The plant was forced to shut down twice this year, in February and May, due to a shortage of Russian crude. The director of the Economic Ministry's energy department has told BNS that the result was due largely to the loss of markets in Russia and Ukraine because of the Russian crisis. "Besides, the export of oil products was practically loss-generating as payments for part of the production have not been made," said Jonas Kazlauskas, who is also the chairman of the Mazeikiai Oil board.
> Ukio Bankas reported an audited net profit of 1.63 million litas for the first half of this year. The bank had posted a profit of 2.62 million litas before the audit, which was carried out by the international firm Deloitte & Touche. The bank's assets were valued at 210.1 million litas as of June 30, or 3.4 million more than at the start of the year. The auditors pointed out a considerable drop in the bank's provisions for loans. The bank had set aside more than 13.62 million litas over the six months compared with the 19.10 million litas at the beginning of this year. The bank's share capital currently amounts to 60 million litas, and the bank's shareholders plan a capital boost of 24 million litas to 84 million litas in the near future.