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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 02:53

Latvian Proks doubles turnover in 2014

BC, Riga, 30.06.2015.Print version
The home appliances wholesaler Proks turned over EUR 107,029,331 in 2014, which is 70% more than in 2013, reports LETA, according to Firmas.lv information.

In 2013, the company turned over EUR 63,030,179.

 

Proks profit last year reached EUR 1,799,182, which is a twofold increase since 2013, when the company earned EUR 794,577.

 

Following an analysis on previous years' developments, as well as the changes in demand for household electronics, the company took several important decisions last year, directly and indirectly affecting the financial results of the year of account, according to the company's management report.

 

In 2014, the company kept focusing on international trade. Proks established several cooperation partnerships and began working with new product groups.

 

Last year, Proks paid EUR 458,000 in taxes.

 

Proks was founded in 1992. Its share capital is EUR 384,174.






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