Latvia“s Valmiera Fiberglass plant sold products totalling 3.69 lats (US$ 6.262 million) in the first quarter of 2000, said finance director Imants Saulitis.
He said sales in the first three months …
Latvia“s Valmiera Fiberglass plant sold products totalling 3.69 lats (US$ 6.262 million) in the first quarter of 2000, said finance director Imants Saulitis. He said sales in the first three months of this year have increased by 533,800 lats or 16.8% year-on-year as compared to the first quarter of 1999, when sales reached 3.161 million lats. In 2000, Valmiera Fiberglass plans to achieve a turnover of 13.8 million lats and earn a profit of 600,000 lats. Last year, the company“s provisional profit was 600,000 lats on a net turnover of 13.3 million lats. Shares in Valmiera Fiberglass are quoted on the second list of the Riga Stock Exchange. There are 11.49 million shares in the company registered with the Latvian Central Depository.