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Friday, 19.04.2024, 05:22
Douglas Latvia raises turnover 4.6% in 2016-2017
BC, Riga, 28.06.2018.
Print version
Print versionDuring its last fiscal year, which lasted from October 10, 2016 to September 30, 2017, Douglas Latvia, the owner of a chain of cosmetics stores, raised turnover by 4.6% from the previous fiscal year to EUR 18.31 million, while its profit grew 12.7% to EUR 1.034 million, writes LETA, according to the company’s financial report available in Firmas.lv business database.
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The company’s management report said that last financial year has been successful for Douglas Latvia.
In the new financial year the company plans to keep a stable growth, invest in upgrade of stores, strengthen its internet store as an important trade channel, improve and optimize the range of product.
In the previous financial year from October 10, 2015, until September 30, 2016, the company posted EUR 17.504 million in sales and EUR 918,002 in profit.
The sole owner of Douglas Latvia is Douglas Baltic, which in turn belongs to Dutch company Douglas Investment B.V. Douglas Latvia was registered in 2001 and has a share capital of EUR 1.175 million.
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