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International Internet Magazine. Baltic States news & analytics Friday, 26.04.2024, 11:36

Latvian Reaton turns over EUR 37.44 mln in 2014

BC, Riga, 30.07.2015.Print version
The multi-branch Latvian company Reaton Ltd turned over EUR 37.44 million in 2014, reports LETA, according to Firmas.lv information.

This is 13% more than in 2013, when the company's turnover reached EUR 33.41 million. The company earned EUR 716,545 last year, which is 8.3% more than in 2013, when the profit reached EUR 661,670.

 

The increase in profit was thanks to growing sales volumes in all market sectors. Last year, the company reduced its debts to banks, thus decreasing the amount of interest payments.

 

Taking into account Latvia's economic growth, the company expects a slowdown in its development this year, but hopes to improve business activities in Lithuania and Estonia.

 

This year, Reaton invested EUR 400,000 in the brand new concept bar "Meals bar by Gastronome" in Riga.

 

The company has no new investment plans for this year. The company's car fleet will be partly renovated, according to the management report.

 

Reaton Ltd was founded in 1991. The company's share capital is EUR 1,300,568. Reaton Ltd belongs to Boriss Gluhmans – 60.31%, and Natalja Jakovleva – 39.69%.

 






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