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Valmiera Fiberglass sets profit target

Valmieras Stikla Skiedra (Valmiera Fiberglass) company has set its net profit target for 2000 at 450,000 lats (US$ 747,508), according to the planned results approved by the company“s shareholders in…

Valmieras Stikla Skiedra (Valmiera Fiberglass) company has set its net profit target for 2000 at 450,000 lats (US$ 747,508), according to the planned results approved by the company“s shareholders in a general meeting recently. The gross sales target is 13.8 million lats. The company“s net profit in 1999 was 536,972 lats on a turnover of 3.36 million lats. Shares in Valmiera Fiberglass are quoted on the second list of the Riga Stock Exchange, the Latvian Central Depository of Securities lists 11.49 million shares in the company.

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