Bloomberg News

Baltika of Estonia Forecasts Fourth-Quarter Loss on Writedowns

February 03, 2012

Feb. 3 (Bloomberg) -- AS Baltika, the Baltic region’s third-largest clothing retailer, said it will report a “significant” loss for the fourth quarter, citing one-time write-offs and provisions.

The Tallinn-based company’s net assets were below half the company’s share capital as of Dec. 31, according to a regulatory statement today.

--Editor: Tim Farrand

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

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


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