Construction, Latvia, Markets and Companies, Real Estate

In 2007 the profit of the concern totaled LVL 4,277,517, whilst in 2006, it stood at LVL 1,958,449, writes LETA.

Consolidated turnover of BMGS last year was LVL 53,800,563, compared with LVL 74,105,940 in 2007 and LVL 40,278,596 in 2006.

Turnover of the BMGS parent company was LVL 44,558,733 in 2008, LVL 66,307,637 in 2007, and LVL 35,290,784 in 2006. The profit of the parent company was LVL 3,077,241 last year, LVL 4,201,052 a year earlier, and LVL 1,589,470 in 2006.

BMGS has been offering services in the area of hydraulic engineering construction and civil engineering to customers for more than 50 years.

The company’s core lines of business are construction of harbor facilities, pile foundations of any type, bridges, and railway structures. BMGS also offers services in the area of designing and geotechnical surveys.

BMGS is a legal successor of the BaltMorGidroStroy Trust established in 1952.

The enterprise was one of the partners, which carried out the controversially assessed project of construction of the Dienvidu (Southern) Bridge, together with bridge construction companies Skonto buve, Latvijas tilti, BMGS, Tilts, Rigas tilti, and Viadukts.