Latvia“s Valmieras Stikla Skiedra“s (Valmiera Fiberglass) sales in 1999 exceeded the planned amount by 6.3%.
The company said in a statement to the Riga Stock Exchange that, in 1999, sales of its p…
Latvia“s Valmieras Stikla Skiedra“s (Valmiera Fiberglass) sales in 1999 exceeded the planned amount by 6.3%. The company said in a statement to the Riga Stock Exchange that, in 1999, sales of its products were worth 13.5 million lats (US$ 23.35 million), while the planned amount was 12.7 million lats. The company“s sales in 1999 have increased 8% over 1998 when the company sold products worth 12.5 million lats. Valmieras Stikla Skiedra also said it is planning a net profit of 600,000 lats in 1999. The company“s shares are quoted on the RSE. Its share capital is made up of 13.5 million shares with one lat face value, of them 11.5 million shares are on public trade. The controlling block in Valmieras Stikla Skiedra producing fibreglass products belongs to Germany“s Glasseiden GmbH Oschatz company.