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Article: Russian-Latvian metals co. Severstallat boosts net profit 180% in 2007.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- May 27, 2008
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Russian-Latvian metals co. Severstallat boosts net profit 180% in 2007
MOSCOW. May 27 (Interfax) - Severstallat, a Russian-Latvian metal processing company, increased net profit 180% to 5.213 million lati in 2007, the company's press service said.
Severstallat increased turnover 34% to 159.928 million lati in 2007.
"Sales of metals products totaled 368,553 tonnes in 2007, of which 90,068 tonnes came from the Severstallat service center," the company said.
A Severstallat subsidiary, UAB Armeta Centras, began working in Lithuania in the first half of 2007, while another subsidiary Severstallat Silesia Sp. Z.o.o started operating in ...