Leading producer of alcoholic beverages in the Baltic States

The net profit of the leading alcoholic beverage producer in the Baltic States, JSC Latvijas balzams, in the first three months of 2021 is 1.1 million euros, which is higher than in the respective period in 2020. The increase in net profit was positively influenced by the Company’s process efficiency measures since the beginning of the Covid-19 pandemic, as well as the implemented cost reduction activities, as well as the received state support to minimize the pandemic consequences.

Unaudited net revenue of the leading producer of alcoholic beverages in the Baltic states, JSC Latvijas balzams, for the year 2020 reached EUR 68.6 million.

The unaudited net revenue of the leading producer of the alcoholic beverages in the Baltic States, AS Latvijas balzams, for the first nine months of year 2020 reached EUR 47.3 million, a decrease by 10.6% against first nine months of year 2019, mainly affected by the Covid-19 pandemic situation in many parts of the world and the restrictions implemented by national governments.

While waiting Christmas, one of the world’s oldest bitter brands and at the same time the Most Unique Brand in the Baltics is launching a limited edition version of the drink especially suitable for this season – Riga Black Balsam Chocolate & Mint.