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International Internet Magazine. Baltic States news & analytics Wednesday, 24.04.2024, 22:29

British American Tobacco Latvia saw 8.4% drop in turnover in 2016

BC, Riga, 03.07.2017.Print version
Tobacco distributor British American Tobacco Latvia turnover reduced by 8.4% in 2016 compared to the previous, reaching EUR 2.093 million, according to information provided by Firmas.lv, reports LETA.

The company's profits also fell more than three-fold to EUR 47,386 last year.

 

In 2017, the company plans to continue using its new operation model, establishing cooperation with its trade partners, improving its service portfolio and the employees' professional growth.

 

British American Tobacco Latvia is the largest international tobacco company and second largest tobacco company to be listed on stock markets in the world. The company's production is sold in 180 countries. It owns more than 300 brands, including such popular tobacco brands as Kent, Dunhill, Pall Mall and Lucky Strike.

 

British American Tobacco Latvia started operating in Latvia in 1992. The company's share capital is EUR 14,193,786. It is fully owned by Netherlands-registered Precis (1789) B.V..





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