According to the data of the Latvian State Enterprise Registrar database Lursoft, troubled national air carrier airBaltic posted a net loss of LVL 35.9mn (EUR 51.1mn) in 2010. Company's turnover increased by 13% y/y to LVL 204.4mn. To compare, in 2009 net profit was LVL 6.5mn at LVL 180.6mn turnover. Financial reports also show that airBaltic had a negative own capital of LVL 19.8mn as of end of last year and that short-term liabilities exceeded current assets by LVL 44mn. Debt to suppliers and service providers as of end of 2010 increased by LVL 7mn to almost LVL 25mn. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more