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Philips Baltic sees turnover grow, profit drop in 2016
BC, Riga, 08.08.2017.
Print version
Print versionPhilips Baltic turned over EUR 20.172 million in 2016, up 9.5% against a year before, while the company’s profit declined 11.1% to EUR 356,033, writes LETA, according to information available at Firmas.lv.
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Philips Baltic closed 2015 with a EUR 400,486 profit on EUR 18.427 million in turnover.
This year, the company will continue operations in the marketing and
wholesale of consumer lifestyle products and developing new segments, according
to the management report.
Philips Baltic, established in 1993, has a share capital of EUR 1,644,925. Philips Baltic belongs to the
Dutch-registered company Koninklijke
Philips N.V.
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