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International Internet Magazine. Baltic States news & analytics Saturday, 19.10.2019, 13:12

Brivais Vilnis sees 23.9% turnover rise in Q1

BC, Riga, 01.06.2018.Print version
Latvian fish cannery Brivais Vilnis in the first quarter of this year posted EUR 1.717 million in sales, up 23.9% year -on-year, while the company’s loss was cut by 43.1% to EUR 158,841, writes LETA, according to the company’s report to Nasdaq Riga.

In the first three months of this year Brivais Vilnis produced 3.2 million cans of fish and sold 3.3 million cans.

"In 2018 the company will start work on entering in markets in Western Europe, North America, South America and others. We are working on innovative packaging and new products," the company said.

In the first quarter of 2017 the company generated EUR 1.386 million in sales and sustained loss worth EUR 279,054.

Brivais Vilnis shares are traded on the Secondary List of the Nasdaq Riga stock exchange. The company's key shareholders are brothers Valerijs Belokons and Vilorijs Belokons who control more than 90% of shares in the company.

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