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International Internet Magazine. Baltic States news & analytics Wednesday, 24.04.2024, 06:43

Latvia’s Spilva saw 35% rise in profits in 2013

BC, Riga, 10.04.2014.Print version
The fruit and vegetable processing company Spilva achieved EUR 19.23 million in turnover last year, which was 4.9% more compared with the previous year, when the company looked at EUR 18.34 million in turnover, the company's financial director, Toms Didrihsons, informed the business information portal Nozare.lv, cites LETA.

Meanwhile, the company increased profits by 35% to EUR 1.15 million last year, compared to profits of EUR 851,250 the previous year. The company is planning on investing most of these profits back into the company for development.

 

''Sales volumes in 2013 increased by 4.1% in Latvia, and by 8.9% in foreign markets, reaching EUR 3.115 million. Increase in exports last year were larger than expected,'' Didrihsons pointed out.

 

Spilva launched its operations in 1992. The company produces tomato sauces, ketchup, mayonnaise, dressings, canned vegetables, jams, desserts, mustard, natural juices, soups, juices, teas, spices and various other products.

 

According to Firmas.lv information, Spilva's share capital is EUR 142,356, and its shares belong to the Swedish company Procordia Food AB.





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