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The company's profit, however, fell over 12 times, from EUR 9.28 million in 2012 to EUR 750,885 last year.

Balticovo CEO Arnis Veinbergs told "Nozare.lv" that the lower turnover and profit figures last year were due to lower egg prices on global markets. Last year, Balticovo was selling 1,000 eggs for EUR 68.48 on the average - which is EUR 12.25 less than in 2012.

The company put out a total of 542 million eggs last year, or 16 million eggs less than in 2012.

Last year, the company opened a canola oil processing facility in which it had invested EUR 2 million, and began construction of a new bird shelter and reconstruction of the egg powder facility.

Also last year, reorganization of the company Mezciems was completed, therefore Balticovo currently has three subsidiaries: Daugavpils putni, Madona and Mezciems.

According to the company's estimates, its market share in Latvia is 40 percent currently. Balticovo exports 70%  of its products to various European Union countries, also to Belarus and Angola. The company also produces pancake and omelette mixtures, egg powder, canola oil, mayonnaise and others.

Balticovo was registered in Iecava in 1992, the company's share capital is EUR 4,407,806.

Company BCO owns 95% of Balticovo shares. According to Firmas.lv data, BCO belongs to Tatjana Poplavska (66 % of shares) and Valdis Grimze (33%).