Agriculture, Foodstuff, Industry, Latvia, Markets and Companies

The company’s management reported that last fiscal year Lielzeltini produced 12,086 tons of broiler meat, 2,890 of broiler meat products and 61,056 tons of combined feed. The company shipped its products to Sweden, Finland, France, Denmark, the Netherlands, the UK and other countries.

The costs of feed production, wages and energy-related costs made up the largest part of the company’s expenses during the fiscal year. Investments made last fiscal year in fixed assets exceeded EUR 302,559.

Information from Firmas.lv shows that during the previous fiscal year that lasted from July 1, 2016, until June 30, 2017, Lielzeltini posted EUR 37.107 mln in sales, up 16.3% y-o-y, while the company’s profit rose 12 times to EUR 1.022 mln,

Lielzeltini makes poultry meat and its products, as well as animal feed. The company was registered in 1994 and has a share capital of EUR 1.075 mln.

As reported, Lithuanian agricultural investment company Linas Agro Group in October 2013 paid EUR 12.5 mln for four Latvian poultry companies, acquiring 87% of shares in Putnu Fabrika Kekava and 100 % of shares in each Lielzeltini, Broileks and Cerova.