AS Tallinna Vesi announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenues of €14,519,000 compared with €14,534,000 for the same period a year ago. Operating profit was €5,363,000 compared with €6,745,000 for the same period a year ago. Profit before tax was €5,453,000 compared with €6,237,000 for the same period a year ago. Net profit for the period was €5,453,000 compared with €6,237,000 for the same period a year ago. Net profit for the period attributable to equity holders of A shares was €5,453,000 or €0.27 per share compared with €6,237,000 or €0.31 per share for the same period a year ago. Net profit for the period attributable to equity holders of B shares were €0.60 or €600 per share compared with €0.60 or €600 per share for the same period a year ago. Total cash flows from operating activities were €31,111,000 compared with €31,449,000 for the same period a year ago. ROA was 2.55% compared with 2.98% for the same period a year ago. ROE was 6.10% compared with 7.01% for the same period a year ago. For the year, the company reported revenues of €58,982,000 compared with €55,928,000 for the same period a year ago. Operating profit was €24,627,000 compared with €25,578,000 for the same period a year ago. Profit before tax was €22,890,000 compared with €24,358,000 for the same period a year ago. Net profit for the period was €18,390,000 compared with €19,858,000 for the same period a year ago. Net profit for the period attributable to equity holders of A shares was €18,389,000 or €0.92 per share compared with €19,857,000 or €0.99 per share for the same period a year ago. Net profit for the period attributable to equity holders of B shares were €0.60 or €600 per share compared with €0.60 or €600 per share for the same period a year ago. Total cash flows from operating activities were €31,872,000 compared with €31,111,000 for the same period a year ago. Acquisition of property, plant and equipment’s and intangible assets was €14,526,000 compared with €13,495,000 for the same period a year ago. ROA was 8.61% compared with 9.50% for the same period a year ago. ROE was 20.57% compared with 22.31% for the same period a year ago. Decrease in the net profit by 7.4% or €1.47 million compared to 2015 was impacted by higher legal costs, which are related to the ongoing tariff dispute. Net profit was also negatively impacted by the revaluation of swap contracts.