The management of the leading producer of alcoholic beverage in the Baltic States informs about the payment of dividends to the shareholders of JSC Latvijas balzams in the amount of 3.4 million euros. The meeting also decided that in May 2022 the name of the company will be changed.
The net revenue of the leading producer of alcoholic beverages in the Baltic states, JSC Latvijas balzams, for the first half of the year 2021 reached EUR 31.6 million euros, an increase by 4,7% against the respective period in 2020. The increase in turnover is related to the improvement of the economic situation and as the result of facilitating the restrictions imposed by national governments on the Covid-19 pandemic situation.
This year, Amber Beverage Group plans to add an additional recognition mark ‘Amber’ to five of its companies all around the world. It is planned to preserve part of the historical name in the new name of JSC Latvijas balzams, thus it could be Amber Latvijas balzams.
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.
Even in this extraordinary year, two new products are being offered to lovers of the legendary drink: Limited Edition Riga Black Balsam with chocolate and mint taste, as well as two RTD Black Balsam cocktails in a contemporary and sustainable format – cans.
Within the project “LIFE Fit for REACH”, the leading producer of alcoholic beverages in the Baltics, JSC Latvijas balzams, has successfully identified chemicals and mixtures used in the company’s operations, which the company could replace with less harmful substances for employees and the environment.
Latvijas balzams, the leading producer of alcoholic beverages in the Baltic States, continues to gradually implement the goals set for 2020 and expand its gin portfolio with a rare and specific to the region beverage – Cross Keys Gin with a sea buckthorn taste.