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Wednesday, 24.04.2024, 19:48
Latvian Domenikss sees substantial reduction in profits in 2013
BC, Riga, 12.09.2014.
Print version
Print versionDomenikss, the official "Mercedes-Benz" dealership in Latvia, operated with EUR 56,082 in profit last year, which was 12 times less when compared to the previous year, informs LETA/Nozare.lv, according to Firmas.lv.
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In 2012, Domenikss operated with EUR 674,055 in profit.
In its financial report, Domenikss points out that the substantial drop in profit is due to a settlement reached in regard to a plot of land for development in Saliena, as the company sold the plot of land with losses.
Meanwhile, the company increased turnover by 22% last year to EUR 45.55 million, compared to EUR 37.27 million in 2012.
Domenikss was established in 1997. The company's share capital is LVL 3.1 million; Benita Sadauska is the sole owner of the company.
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