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International Internet Magazine. Baltic States news & analytics Saturday, 08.08.2020, 08:16

Latraps turnover increased by 36% in 2019-2020 financial year

BC, Riga, 03.07.2020.Print version
According to preliminary data, agricultural cooperative society Latraps' turnover last financial year, which continued from July 1, 2019 to June 30, 2020, amounted to EUR 270 million, which is 36 percent more than in the previous financial year, as Latraps CEO Edgars Ruza told LETA.

He said the increase in turnover was thanks to good grain harvest last year.

Furthermore, grain prices were above average compared to the last five years.

In the previous financial year, July 1, 2018 to June 30, 2019, Latraps achieved EUR 198.867 million in turnover, which was 10.7 percent less than in the preceding financial year, while profit decreased by 35.1 percent to EUR 664,704.

Latraps was registered in 2000. The cooperative buys and sells agricultural raw materials and processes grain and rapeseed.

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