30.11.2014 all news

Rising turnover and profit

The unaudited turnover of the Company in the first 9 months of 2014 reached  49.0 million Euros, which is 1.5% more than in the first 9 months of 2013. The unaudited profit for the reporting period reached 4.4 million Euros, which represents 18.6% growth versus the first 9 months of 2013.

The turnover in the domestic market decreased by 2.0% due to changes in the beverage portfolio. The export by the orders of SPI Group has increased by 2.2%.

The most significant increase in sales was achieved in the Baltic countries and Norway (+10.2%), and also in Retail Travel and Duty-free market (+3%).

During the first 9 months of 2014, JSC Latvijas balzams paid 40.5 million Euros into the state budget, including excise tax, amounting to 29.8 million Euros.

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