Latvijas Gaze (Latvian Gas) reported a net profit of LVL 27.2mn (EUR 38.7mn) in 2011, inching up by 2.6% y/y. Company sold 1.56bn m3 of gas in 2011, which was 13% less y/y. Overall revenues from gas sales and other services in 2011 were LVL 353mn, flat y/y. Latvijas Gze is granted state monopoly on export, storage and sales of natural gas. Company reported net profit of LVL 26.5mn (EUR 37.7mn) in 2010 (35% y/y increase). |
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