Energy, Gas, Good for Business, Latvia

International Internet Magazine. Baltic States news & analytics Wednesday, 22.05.2013, 17:39

Itera Latvija consolidated turnover grew by 46.6% in 2011, profit – 60%

Gleb Vasiljev, BC, Riga, 09.07.2012.Print version
The joint-stock gas supply company Itera Latvija achieved LVL 119.63 million in consolidated turnover in 2011, 46.6% more than in 2010, when the company's turnover amounted to LVL 81.6 million, according to the Register of Enterprises' Lursoft data.

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%).




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