"Valmiera Fiberglass" profit 16.8% up from H1 of 2001
In the first half of this year, the joint-stock company "Valmieras stikla skiedra" (Valmiera Fiberglass) posted LVL 9,302,400 in profit, which is 51.7 percent of the planned figure this year and 16.8 percent more than in the first half of 2001.
In the first half of this year, the joint-stock company "Valmieras stikla skiedra" (Valmiera Fiberglass) posted LVL 9,302,400 in profit, which is 51.7 percent of the planned figure this year and 16.8 percent more than in the first half of 2001.
According to information at the Riga Stock Exchange, 58.5 percent of production was sold in the European Union (EU) in H1.
As LETA was informed earlier by Financial Director Imants Saulitis, the company succeeded in attaining good results because of small orders carried out by the plant and the opening of new facilities last fall.
The company's foreign markets have not changed over the past year and are mainly in Germany, Poland, the U.S., Japan and United Kingdom. Last year, clients in the Baltic countries have become more active, particularly in Estonia.
The company's shares are quoted on the Riga Stock Exchange's "second list".
Ilze Zālīte LETA
Copyright © LETA
According to information at the Riga Stock Exchange, 58.5 percent of production was sold in the European Union (EU) in H1.
As LETA was informed earlier by Financial Director Imants Saulitis, the company succeeded in attaining good results because of small orders carried out by the plant and the opening of new facilities last fall.
The company's foreign markets have not changed over the past year and are mainly in Germany, Poland, the U.S., Japan and United Kingdom. Last year, clients in the Baltic countries have become more active, particularly in Estonia.
The company's shares are quoted on the Riga Stock Exchange's "second list".
Ilze Zālīte LETA
Copyright © LETA
