News

All news

The unaudited turnover of Latvijas balzams in the first nine months

The unaudited net turnover of the Company in the first nine months of 2019 reached EUR 53.1 million, 5.2% up against first nine months of 2018, due to higher orders and sales volumes from key customers and markets. The unaudited profit has reached EUR 5.67 million, which is 8% more than in the first nine months of 2018 as the result of increased volumes. The operating profit for the first nine months of 2019 amounts to EUR 4.2 million, which is in line with the first nine months of 2018 result in terms of the profit/turnover ratio: 8.1 % in first nine months of 2018, 7.9 % in first nine months of 2019.

JSC Latvijas balzams is one of the largest local taxpayers. During the reporting period, the Company paid taxes of EUR 57.0 million to the state budget, including excise duty amounting to EUR 45.7 million.

More information: For investors.