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Friday, 28.11.2014, 22:19
Wood exporter Sveaskog Baltfor saw 5.6% reduction in turnover in 2011
In 2010, the company achieved LVL 19.88 million in turnover, but in 2011 – LVL 18.76 million, writes LETA.
The company also saw profits drop substantially last year, from LVL 344,262 in 2010, to LVL 84,649 in 2011.
The company plans to increase turnover to LVL 22.6 million this year.
Svaeskog Baltfor was established in 1996, and is a subsidiary of Sweden's Sveaskog Forvaltnings AB.