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Article: Severstallat raises earnings 16% in H1.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- September 22, 2008
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Severstallat raises earnings 16% in H1
RIGA. Sept 22 (Interfax/BNS) - Severstallat, a Russian-Latvian metal processing company, increased net profit by 15.7% year-on-year to 6.067 million lati in the first half of 2008, as turnover grew 19.6% to 102.89 million lati, chief executive Alexei Gogunov told BNS.
Gogunov said profit grew with an increase in production and exports to Europe, as well as investment in the firm's development.
It was ...