Construction, Good for Business, Latvia, Markets and Companies, Retail

According to the company's report, revenue generated from retail trade was EUR 86.609 million and wholesale brought in EUR 3.067 million last year. The company's revenue in Latvia came to EUR 89.455 million, while revenue from operations in European Union member states and non-EU countries totaled EUR 220,928. 

The company's management noted that despite the marketing methods practiced by competitors, Tirdzniecibas Nams Kursi increased its activity on the market, achieving very positive financial results in 2019. 

Last year, Tirdzniecibas Nams Kursi worked on developing the chain of Kursi stores and infrastructure. In the first half of 2019, Tirdzniecibas Nams Kursi opened a logistics facility, e-store and the largest Kursi store by floor space. 

The effect of Covid-19 restrictions on the company's operations is not quite clear yet, the management said. 

In the first half of 2020, Tirdzniecibas Nams Kursi recorded a slight drop in the B2B (business-to-business) segment, which was compensated by increased client activity in the B2C (business-to-consumer) segment.

In 2018, Tirdzniecibas Nams Kursi achieved EUR 81.731 million in turnover, which is 13.2 percent more than in 2017, while the company's profit increased 48.8 percent to EUR 2.001 million.

Tirdzniecibas Nams Kursi was registered in May 2000, its share capital is EUR 712,800. A 73 percent stake in the company belong to company Augstceltne and 27 percent to Juris Kursitis.