Good for Business, Latvia, Markets and Companies, Woodwork
International Internet Magazine. Baltic States news & analytics
Thursday, 25.04.2024, 11:59
Latvia: Troja wood processing company raises turnover 12.3% in 2018
BC, Riga, 10.06.2019.
Print version
Print versionTroja, a subsidiary of the largest Latvian wood processing company Latvijas Finieris (Latvian Veneer), turned over EUR 26.073 mln in 2018, up 12.3 % against a year before, while the company’s profit contracted 46 % to EUR 524,657, according to information available at Firmas.lv writes LETA.
 |
|---|
The company’s management said in the report that the launch
of new equipment enabled Troja to increase output and make more products
with higher added value.
In 2018, Troja invested EUR 141,000 in research.
In 2019, the company aims to increase turnover against last
year and adjust a property purchased in Riga Region last year for production
needs.
At the same time, Troja managers are concerned about labor
shortages which might affect the company’s growth this year.
Troja closed 2017 with EUR 23.217 mln in turnover and a
profit of EUR 970,937.
Troja is 50-% owned by Latvijas Finieris while other
shareholders are individuals. The company’s share capital is EUR 2.799 mln.
«The Baltic Course» Is Sold and Stays in Business!
