International Internet Magazine. Baltic States news & analytics
Wednesday, 10.02.2016, 12:46
Net sales of the Baltic unit of the listed Nordic meat group HKScan, owner of the Rakvere Lihakombinaat meatpacking company in Estonia, grew nearly half a percent year-on-year in 2015 to 173.6 million euros and the unit's operating profit increased 48% to 5.4 million euros, the company told the stock exchange, cites LETA/BNS.
Keyword tags: Baltic, Foodstuff, Good for Business, Markets and Companies
Lithuania this month ranks 81st in the world in terms of gold holdings, one notch down from number 80 last month, informs LETA/BNS, according to the latest figures from the World Gold Council. Latvia is ranked 79th.
The companies of BTA insurance group – parent BTA Insurance Company (BTA) and its subsidiary BTA Baltic Insurance Company – closed 2015 with a profit of EUR 8 million, informs LETA.
SEB Banka’s operating profit after taxes and provisions in 2015 reached EUR 35 million which is a 51% rise from 2014, the bank said. SEB Bankas in Lithuania said that its full-year net profit fell to 62.1 million euros in 2015, and Estonian units of the Swedish banking group SEB earned a profit of 75 million euros last year, which corresponds to the year-earlier result, informs LETA/BNS.
Latvia's Swedbank in 2015 earned EUR 121 million in profit, which is by 7% more than in 2014, the company's spokeswoman Vineta Savicka told LETA. Swedbank in Lithuania said on Tuesday that its net profit last year fell by 21% to 85 million euros and the Estonian operation of Swedbank earned a net profit of 59.2 million euros in 2015, reports LETA/BNS.
The revenue of the Estonian state-owned postal and logistics company Omniva in 2015 totaled 75.9 million euros, 27% more than in 2014, reports LETA/BNS.
Danske Bank generated EUR 3.57 million in net profit in Latvia last year, the bank said in a statement to the media. The Lithuanian branch of Danske Bank, said that its net profit from core activities of corporate and private banking last year came in at 11.9 million euros, down 19.2% from 16.8 million euros in 2014. The net profit of Danske Bank Estonia dropped 10% year on year to 8.8 million euros in 2015, reports LETA/BNS.