Tallink’s 4th-Quarter Net Rose 27.6% on Higher Passenger Numbers

Oct. 17 (Bloomberg) -- AS Tallink Grupp, the largest Baltic ferry company, said net income rose 27.6 percent in the fourth quarter from a year earlier as revenue from carrying passengers expanded.

Net income increased to 54 million euros ($74.4 million) in the final quarter of fiscal year 2010/2011, the Estonia-based company said in a statement to the Tallinn Stock Exchange today. Revenue grew 8.7 percent to 272.2 million euros, according to the statement.

--Editor: James M. Gomez

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net