Latvia, Markets and Companies
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Friday, 19.04.2024, 07:45
Latvian Alfor turnover remains unchanged in 2013
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The company's turnover in 2013 was EUR 51.71 million, in 2012 – EUR 51.75 million. Meanwhile, Alfor profit grew 1.35% – from EUR 8.86 million in 2012 to EUR 8.97 million in 2013.
The company's management report indicates that it operated 93 casinos with 2,484 slot machines last year. In 2013, the company paid more attention to cost optimization and efficiency indicators.
In 2013, Alfor invested EUR 7.83 million into the company's development by improving and reconstruction of its casinos and purchasing new slot machines.
This year, the company plans to consolidate its leading positions in the Latvian gaming market, as well as to further increase income. Alfor expects moderate growth in 2014, taking into account a general increase in prices.
Alfor was founded on October 9, 2000. Its share capital is EUR 9,960,102. The company is owned by Austria-registered Austrian Gaming Industries GmbH – 60%, and Foroms – 40%.
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