Baltic Export, Foodstuff, Latvia, Markets and Companies

International Internet Magazine. Baltic States news & analytics Friday, 19.04.2024, 13:42

Latvian Pure Chocolate turnover up 45%; profit down 41% in 2014

BC, Riga, 12.05.2015.Print version
Chocolate truffles producer Pure Chocolate increased its turnover by 45% in 2014, at the same time suffering a 41% fall in profit, reports LETA, according to Firmas.lv information.

The company's turnover last year reached EUR 3.34 million, as compared with EUR 2.30 million last year. This year, the company earned EUR 21,033, as compared with EUR 36,087 last year.

 

According to Pure Chocolate management report, thanks to a timely market diversification, the company did not experience any major impact from the Russian crisis and the falling ruble. However, because of the Russian crisis, the company's turnover outside the European Union reduced by EUR 68,000, prompting the company to look for new clients in other countries. Last year, Pure Chocolate began cooperation with partners in the United States. The company increased its turnover by 50% in Latvia, reaching EUR 2.4 million.

 

The company's management report also says that Pure Chocolate has received several international certificates on exports, furthermore, this year's certificate indicates that the company does not use raw materials which contain genetically-modified organisms.

 

Pure Chocolate owners are Peteris Zimants (36.67% of shares), Aivars Zimants (34.62%), Liga Zimante (23.92%), Ainars Berzins (2.79%) and Zane Petersone (2%).






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