Latvia, Markets and Companies, Woodwork

International Internet Magazine. Baltic States news & analytics Saturday, 22.09.2018, 03:00

Wood processing company BSW Latvia turnover increases 12.2%

BC, Riga, 14.09.2018.Print version
Wood processing company BSW Latvia achieved 51.819 mln euros in turnover last financial year, which continued from April 1, 2017 to March 31 of this year, informs LETA.

Compared to the previous financial year, BSW Latvia's turnover has increased 12.2%, while the company's profit rose 68.4% to 3.57 mln euros.


According to BSW Latvia's management report, last financial year the company continued timber sawing and drying operations, as well as found new buyers on different export markets.


Last financial year, 45% of products made by the company was exported to Great Britain, 45% to other European countries, Middle East, Far East, United States and elsewhere, while 13% was sold on the local market.


The company continued investing in infrastructure development, equipment upgrades and modernization.


BSW Latvia was established in 1997, the company's share capital is 9.715 mln euros. BSW Latvia belongs to British company BSW Timber Limited.

 




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