During the first 10 months of the year 2000, Latvian fibreglass producer Valmieras Stikla Skiedra (Valmiera Fibreglass) reported a profit of 49,000 lats (US$ 78,400).
The company“s ten-month net tur…
During the first 10 months of the year 2000, Latvian fibreglass producer Valmieras Stikla Skiedra (Valmiera Fibreglass) reported a profit of 49,000 lats (US$ 78,400). The company“s ten-month net turnover totalled 12.048 million lats, 11% up on the same period in 1999, when net turnover amounted to 11.97 million lats. Valmiera expects profit for the whole of 2000 to be near zero after payment of all taxes, provided the Euro does not depreciate further.