"Latvenergo" invested LVL 24 million in development in six months
In six months this year, the state-owned joint-stock energy company "Latvenergo" has invested LVL 24 million in the development of the company which meet the planned investment amounts, "Latvenergo" board deputy chairman Aigars Melko told reporters.
In six months this year, the state-owned joint-stock energy company "Latvenergo" has invested LVL 24 million in the development of the company which meet the planned investment amounts, "Latvenergo" board deputy chairman Aigars Melko told reporters.
Of the total investments, LVL 2.79 million were invested in manufacturing, LVL 3.33 million in transmission, LVL 14.74 million - in distribution, and LVL 630,000 in a technical center.
As reported, "Latvenergo" posted LVL 10.6 million in profit in the first six months of the year, 34 percent down from the respective period last year. Whereas the company's turnover increased 4.7 percent, totaling LVL 102.5 million.
The company explains a drop in the profit with the low level in the Daugava River, and the necessity to buy energy from neighboring countries. Total annual profit is predicted at no more than LVL 4 million.
Kristaps Ceplis LETA
Copyright © LETA
Of the total investments, LVL 2.79 million were invested in manufacturing, LVL 3.33 million in transmission, LVL 14.74 million - in distribution, and LVL 630,000 in a technical center.
As reported, "Latvenergo" posted LVL 10.6 million in profit in the first six months of the year, 34 percent down from the respective period last year. Whereas the company's turnover increased 4.7 percent, totaling LVL 102.5 million.
The company explains a drop in the profit with the low level in the Daugava River, and the necessity to buy energy from neighboring countries. Total annual profit is predicted at no more than LVL 4 million.
Kristaps Ceplis LETA
Copyright © LETA
