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

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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