Companies in the timber industry / Daily News / Global Trends / Wood Products / Wood-based panels / Europe / Global
March 15, 2019
Kronospan achieves record profits in Latvia
Kronsopan Riga, the company's Latvian subsidiary, has achieved record profits in its financial year (October 2017/September 2018), with a net profit of EUR 119.8 million. Kronospan Riga's profit after tax for the last financial year (1 October 2017 to 30 September 2018) has increased by 34.2% or EUR 30.5 million year-on-year. In turn, the company's turnover reached EUR 231.4 million, an increase of 23.9% or EUR 44.643 million compared to the 2016/2017 financial year. The turnover of Kronospan Riga has grown ...
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