Tallinn, Estonia, 2012-04-27 15:00 CEST (GLOBE NEWSWIRE) --
On 26 April 2012 the Supervisory Board of AS Järvevana approved the annual report 2011 and profit allocation proposal prepared by the Management Board of AS Järvevana. The Supervisory Board decided to present the annual report and profit allocation proposal as prepared by the Management Board for the approval of the general meeting of shareholders.
The Management Board has made a proposal for the general meeting of the shareholders not to pay dividends to shareholders. Total retained earnings is EUR 1.69 million. To cover the net loss of the Group for the year of 2011 from the retained earnings of previous periods and to transfer EUR 0.07 million to statutory reserve capital. Retained earnings after profit allocation is EUR 1.62 million.
AS Järvevana audited annual report for 2011 is made available on NASDAQ OMX Tallinn web page.
Toomas Annus
Member of Management Board
+372 6 805 400
toomas.annus@merko.ee
