The council of AS Nordecon International approved on 15 April 2009 the annual
report and profit allocation proposal for the year 2008 of AS Nordecon
International. The council decided to present the annual report and profit
allocation proposal as prepared by the management for the approval of the
general meeting of shareholders.
The management has made a proposal for the general meeting of the shareholders
to pay dividends 1 kroon (0.06 euros) per share for the year 2008 and to
increase capital reserve by 5,212 thousand kroons (333 thousand euros).
The audited annual report for 2008 is made available on NASDAQ OMX Tallinn
Stock Exchange's and issuer's web page www.nordecon.com. The report can also be
read in issuer's location on Pärnu mnt 158/1, Tallinn.
Nordecon International is a group of construction companies whose core business
is general contracting and construction management in the construction of
buildings and infrastructures in Estonia, Latvia, Lithuania and Ukraine. In
addition, in Estonia our companies act as independent contractors in road
construction and maintenance, environmental engineering, the assembly of
reinforced concrete elements, and the performance of cast-on-site concrete
works. The parent of the Group is AS Nordecon International, a company
registered and located in Tallinn, Estonia. In addition to the parent company,
there are more than 20 subsidiaries in the Group. The consolidated revenue of
the Group in 2008 was 3.9 billion kroons (247 million euros) and the
consolidated net profit was 171 million kroons (11 million euros). Nordecon
International Group employs more than 1,100 people. Since 18 May 2006, the
company's shares have been quoted in the main list of the NASDAQ OMX Tallinn
Stock Exchange.
1 euro = 15.6466 kroons
Raimo Talviste
Nordecon International AS
Head of Investor Relations
Tel: +372 615 4445
Email: raimo.talviste@nordecon.com
www.nordecon.com
