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Tuesday, 11.03.2014, 00:39
Itera Latvija consolidated turnover grew by 46.6% in 2011, profit – 60%
In 2011, Itera Latvija earned LVL 8.3 million in consolidated profit, 60.7% more than in 2010, when the company's profit reached LVL 5.1 million, writes LETA.
Itera Latvija parental company turned over LVL 111.6 million last year, a 52.2% increase on 2010, when its turnover comprised LVL 73.4 million. The company's profit totaled LVL 8.2 million in 2011, 60.9% more than in 2010, when Itera Latvija earned LVL 5.1 million.
As reported, Itera Latvija owns a 16% stake (plus one share) in the joint-stock gas supply company Latvijas Gaze.
Itera Latvija shares belong to Denmark-registered Inter Energia Holding ApS (34%) and Cyprus-registered Davonte Holding Limited" (66%).