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The unaudited turnover of Latvijas balzams in the first nine months

The unaudited turnover of the Company in the first nine months of 2018 reached EUR 50.5 million, which is 9.2% less than in the first nine months of 2017. The main reason is decreasing orders and sales volumes from key customers and markets – Lithuania, USA, Spain, and the Stoli Group. However, the unaudited profits for the reporting period are EUR 5.25 million, which represents a 14% increase from the first nine months of 2017.

AS Latvijas balzams is one of the largest local taxpayers. During the reporting period, the Company paid EUR 50.7 million into the state budget, including excise tax, which amounted to EUR 38.9 million. 

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