Consolidated net profit of Latvijas Pasts (Latvian Post) in H1/12 amounted to LVL 1.14mn (EUR 1.6mn), chairman of BoD Maris Kleinbergs told Dienas Bizness daily. In 2011 company made LVL 0.7mn in profit vs. LVL 0.328mn loss in 2010 and LVL 0.232mn loss in 2009. Companys turnover in 2011 was LVL 36.7mn. LP is going through financial problems since 2006, when companys net loss amounted to LVL 4mn. Net loss of LP decreased y/y to LVL 3.5mn (EUR 4.98mn) in 2008 vs. net loss of LVL 14mn in 2007. Partly the losses decreased due to government compensating costs of deliveries to rural areas. |
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