3 September 1998: The Latvian company Valmiera Fiberglass earned 41.3% (204,718 lats) more than planned in the first seven months of this year, according to a recent press report.
During the period, …
3 September 1998: The Latvian company Valmiera Fiberglass earned 41.3% (204,718 lats) more than planned in the first seven months of this year, according to a recent press report. During the period, the company earned 700,552 lats after taxes, while the planned profit was 495,834 lats. The Riga Stock Exchange reported that the company“s net turnover was 7,555,573 lats, 21.6% above the target. The gross profit of the company was 2.045 million lats on 31 July. The profit before extraordinary expenses and taxes was 970,000 lats. The company“s shares are quoted on the second list of the Riga Stock Exchange.