In the first quarter of this year the non-audited profit of JSC Latvijas balzams comprised 449 thousand lats, which by 43% more than during the corresponding period in 2012.
The company could reach such result thanks to the purposeful work on the product development – creation of new competitive products by evaluating demand tendencies on the local and export markets. The company`s non-audited turnover in the 1st quarter of 2013 comprised 15.2 million lats, which is by 0.6% less than in during the reporting period in 2012. In the first quarter of this year Latvijas Balzams transferred to the state budget by way of taxes 11.3 million lats, including 8.4 million lats as excise tax.
In the first quarter the company continued to implement the launched export strategy in the main export markets, whilst maintaining similar sales to major clients abroad. There was a remarkable growth of sales observed on the priority export markets, in Russia – by 39%, in Germany – by 38% and in Latvian tax-free zone – by 21%.
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