News

All news

Latvijas balzams Reports First Half Year Results

The unaudited net turnover of the Company for the first half of 2019 reached EUR 33.9 million, 4.8% up against first half of 2018, due to higher orders and sales volumes from key customers and markets.

The unaudited profit has reached EUR 3.23 million, which is 11% more than in the first half of 2018 as the result of increased volumes. During the reporting period, the Company paid taxes of EUR 37.7 million to the state budget, including excise duty amounting to EUR 30.1 million.

Read more in section Financial Reports.