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Valmiera raises “98 sales forecast

22 October 1998: Latvian Valmiera Glassfibre raised its 1998 sales forecast to over 12 million lats, the company announced recently.
Valmiera had earlier planned 1998 profits of 850,000 lats on sales…

22 October 1998: Latvian Valmiera Glassfibre raised its 1998 sales forecast to over 12 million lats, the company announced recently. Valmiera had earlier planned 1998 profits of 850,000 lats on sales of 10.8 million lats compared to 740,000 lats net profit a year earlier. The company said its nine-month net profit was 824,000 lats, 97% of its 1998 target. Its nine-month turnover was 9.91 million lats. Its 1997 turnover was 10.3 million lats.

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