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Coca-Cola-owned Neptuno Vandenys expects to raise 2016 revenue by 10%
BC, Vilnius, 08.04.2016.
Print version
Print versionNeptuno Vandenys, one of Lithuania's biggest mineral water producers owned by Coca-Cola HBC Lietuva international non-alcoholic beverage production group, received 5.631 million euros in audited revenue last year, up by 5.8% from 5.325 million euros in 2014. The company expects the 2015 revenue to grow by a tenth, writes LETA/BNS.
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The company's audited net profit grew 9.8% to 2.087 million euros over a year, it said in the 2015 report of operations submitted to the Center of Registers.
"The market of bottled water did not grow in Lithuania in 2015, however, sales of Neptunas brand water in PET bottles went up by 5% in liters," reads the report.
With a new production line in place, the company is using 31% of its capacities and will, therefore, actively seek new clients in Lithuania and abroad this year.
Coca-Cola HBC Lietuva purchased a 100-percent stake in Neptuno Vandenys from Gintas and Milda Petrus earlier in April.
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