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Cesu alus increased turnover by 10.85% in 2011; profit reduced
Nina Kolyako, BC, Riga, 02.08.2012.
Print version
Print versionThe joint-stock Cesu alus brewery increased turnover by 10.85% last year, reaching LVL 33.7 million, according to information on Firmas.lv. On the other hand, the company's profit reduced more than two-fold last year – from LVL 980,388 in 2010, to LVL 387,105 in 2011.
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The company achieved LVL 30.4 million in turnover in 2010, reports LETA.
In 2012, the company plans to continue its long-term investment program and invest LVL 230,000 in production development.
According to the company's report, Cesu alus sold a total of 75.3 million liter of beverage products last year, which was 9% more than in 2010. The company increased its share in the local beer market by four% last year, reaching 30% of the total beer market in Latvia.
As reported, Cesu alus produces beer, beer cocktails, alcoholic cocktails, ciders, energy drinks, kvass, juices and non-alcoholic beverages.
99% of the company's shares with voting rights belong to the Finnish company Olvi Ooj.
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