Latvia, Markets and Companies, Retail

International Internet Magazine. Baltic States news & analytics Wednesday, 24.04.2024, 01:24

Latvian Mego posts EUR 334,325 in losses in 2014

BC, Riga, 03.08.2015.Print version
Retail trade company Mego turned over EUR 47.27 million last year, a 13% increase on 2013, and suffered losses in the amount of EUR 334,325, reports LETA, according to Firmas.lv information.

In 2013, the company turned over EUR 44.12 million and posted EUR 82,021 in losses.

 

Mego management report says that in 2014, the company kept investing in its stores in order to attract more customers.

 

Last year, Mego merged with Broc&Co and acquired Palink, a company that managed the "Iki" store chain. Following the reorganization process, Mego significantly increased its market share.

 

This year, Mego owners are planning on extending production and further improving the company's stores.

 

Mego is one of the largest retail companies in Latvia. Its stores are located in many cities in Latvia – Riga, Aizkraukle, Baldone, Bauska, Broceni, Cesis, Jekabpils, Jurmala, Sauriesi, Liepaja, Talsi, Tukums, Valka, and Ventspils.

 

Mego was founded in 1999. The company's share capital is EUR 3,000,000.





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