LV: Latvian State Forests, Tele2 and Lattelecom top earners in 2009-survey.

By bne IntelliNews August 13, 2010
According to the survey compiled by Dienas Bizness newspaper, Latvijas Valsts Mezi (Latvian State Forests) state forestry agency made a net profit of LVL 33.21mn (down by 33% y/y) in 2009, topping the rankings of Latvian companies in terms of net profit for last year. LVM was followed by Tele2 mobile telephony provider with LVL 30mn profit (down by 19.2% y/y) and Lattelecom fixed-line provided with LVL 28.8mn in net profit (down by 13.3% y/y). LMT mobile provider that topped the list in 2008 went to the 4th place last year (LVL 26.2mn, down by 55.4%). It is noted that there wasn't a single manufacturer in the ranking for last year.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

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

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

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

EE: Estonian Air to return excess Embraer airplanes.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335