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Thursday, 25.04.2024, 09:37
Consolidated sales of UPB holding grew by 36% in 2016
BC, Riga, 19.07.2017.
Print version
Print versionIn 2016, consolidated sales of Latvia’s UPB holding reached EUR 147 million, which is by 36% more than in 2015, according to Firmas.lv business database, cites LETA.
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In 2015 the holding’s sales reached EUR 108 million.
Holding’s parent company UPB last
year posted EUR 115.332 million in sales, up 37% from 2015, while its profit
increase by almost 49% to EUR 6.088 million. In 2015 the parent company posed
EUR 84.342 million in sales and EUR 4.086 million in profit.
UPB holding comprises
nine legal entities in Latvia, Sweden, the UK, Germany, Switzerland, Iceland,
Denmark, Norway and Azerbaijan. UPB
business areas are engineering, production, construction and sales.
Last year’s results were positively influenced by growth in exports and the
Latvian market, implementation of technically complicated projects, development
of new projects.
UPB was founded in
1991 and has a share capital of EUR 729,385.
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