In the second quarter, the energy enterprise earned 13 million euros of net profit, and for the first six months of a year - a total of 61 million euros. The Group's profit from sales in the second quarter was 177 million euros, an increase of 19% over the previous year. The commercial profit before the deduction of costs, or EBITDA, has reached 64 million euros for the quarter, which is 17% more than in the previous year.

The sales revenues of Eesti Energia Group amounted to EUR 177.5 million in the second quarter of 2017 (+19.3% year-on-year). Group EBITDA equalled EUR 63.9 million (+17.1% year-on-year). The Group’s net profit totalled EUR 13.1 million in the second quarter of 2017 (-13.5% year-on-year).

On 28 July 2017 Eesti Energia will publish its Q2 2017 results. Introducing the results for investors will take place on 28 July at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

A permit has been issued by the Polish Energy Regulatory Office to Enefit, subsidiary of Eesti Energia, to trade with electricity and natural gas. The company is focused on providing services to small and medium scale enterprises and bigger industrial clients.

Eesti Energia Supervisory Council has appointed Mr Mait Palts as new member of Eesti Energia Audit Committee. The Audit Committee now consists of four members.

The Supervisory Council of Eesti Energia held a meeting today and elected Väino Kaldoja as the new Chairman of the Council. Mr Kaldoja has been a member of the Council since September 2015.

The Extraordinary General Meeting of Eesti Energia held today approved a new composition of the Supervisory Council, effective from 12 May 2017. The Supervisory Council now includes the following members: Väino Kaldoja, Kaie Karniol, Einari Kisel, Andres Liinat, Ivo Palu, Ants Pauls and Danel Tuusis. All members were appointed for a period of three years.

The Supervisory Council of Eesti Energia has resolved to extend the term of the service contract of Mr. Hando Sutter, the Chairman of Eesti Energia’s Management Board by two years. The contract is now effective until 30 November 2019.

Sales revenues of Eesti Energia Group amounted to EUR 215.3 million in the first quarter of 2017 (+9.3% year-on-year). Group EBITDA equalled EUR 86.5 million (+43.4% year-on-year). The Group’s net profit totalled EUR 48.3 million in the first quarter of 2017 (compared to EUR 19.4 million in the equivalent period of last year).

On 28 April 2017 Eesti Energia will publish its Q1 2017 results. Introducing the results for investors will take place on 28 April at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Attarat Power Company (“APCO”) announced that it has reached financial close for the USD 2.1 billion project to construct the first oil shale fired power station and open cast mine in Jordan. The construction of the 554MW gross/470MW net oil shale fired mine mouth power station will commence shortly and the power station is scheduled to start operation in mid-2020.