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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 06:43

''Douglas Baltic'' profits EUR 27 million

BC, Riga, 29.07.2014.Print version
Cosmetics and perfume retail company ''Douglas Baltic'' achieved EUR 27 million in consolidated turnover last year, which was 3.7 %more when compared to the company's previous financial year, informs NOZARE.LV/LETA.

The company's financial year was from October 1, 2012 to September 30, 2013.


The company achieved EUR 26.03 million in consolidated turnover during its previous financial years.


Meanwhile, the company was also able to reduce losses - from EUR 164,631 in 2012, to EUR 113,646 in 2013.


In Latvia, the company operates 27 shops with the Douglas and Kolonna brand, but in Lithuania it operates 28 shops with the Douglas and Sarma brands.


''Douglas Baltic Ltd.'' was established in 2007, and the company's shares belong to Dutch registered company ''Douglas Investment B.V.''.






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