Latvian Stora Enso Mezs Reported Turnover up $22,926 Million
. Latvian Stora Enso Mezs reported turnover up LVL 12 million ($22,826 million) to LVL 52 million ($98,897 million), however the company reported loss of LVL 270 thousand ($523,6 thousand) in 2003.
Feb 13, 2004. /Lesprom Network/. Latvian Stora Enso Mezs reported turnover up LVL 12 million ($22,826 million) to LVL 52 million ($98,897 million), however the company reported loss of LVL 270 thousand ($523,6 thousand) in 2003.
‘The loss is due to drastic raw materials prices growth on the interior market’, Stora Enso Mezs CEO Vilnis Freimanis said. ‘Moreover, the company boosted its capital from LVL 20 thousand ($38 thousand) to LVL 4 million ($7,609 million)’.
80% of Stora Enso Mezs goods are exported to Sweden, the remaining part is exported to Finland.