LV: Balticovo eggs producers net profit drops y/y in 2011.

By bne IntelliNews August 2, 2012
Latvia's leading producer of eggs and egg products Balticovo posted net profit of LVL 0.444mn (EUR 632mn) in 2011 dropping y/y vs. net profit of LVL 2.53mn in 2010. Company's turnover last year went up by 9% y/y to LVL 23.3mn. Both company's output increased last year, with 503mn eggs produced (up by 17% y/y) In 2009 Balticovo reported LVL 22.45mn in turnover and LVL 3mn in profit. Balticovo, established in 1993 exports about 70% of its output.

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