Latvia, Technology
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Monday, 26.05.2025, 05:50
Turnover of Elko grupa dropped by 3.6% in 2008
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Elko grupa earned LVL 5.41 million in net profit last year, registering a threefold decrease in profit compared to 2007, when the company's profit totaled LVL 15.72 million. Profitability of Elko grupa in 2008 stood at 1%, informs LETA.
As reported, last year Elko grupa became the official distributor for the IT producer "Micro-Star International" and the navigation devices manufacturer "Tom Tom" in the Baltic States, as well as started cooperation with companies Telsey, Patit and LG Electronics.
Elko grupa was established in 1993, it has branches in 14 cities in nine countries: Latvia, Lithuania and Estonia, Russia, Ukraine, Romania, Hungary, Croatia and Romania. It is one of the largest distributors of "Sony" and "Intel" products in Europe, Middle East and Africa.
Elko grupa is owned by Latvian and foreign companies, as well as private individuals in Latvia.
Elko grupa was ranked 24th on the list of Latvia's most valuable companies in 2008, compiled the magazine Kapitals, investment banking company IBS Prudentia and the Riga Stock Exchange.
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