Last update: 22.11.2024 14:18 (GMT+2)

JSC "Rigas raugs" expects to operate at a profit in the last months of the 1998 year

09.11.1998, Rīgas raugs, RIG

JSC "Rigas raugs" expects to operate at a profit in the last months of
the year, however, the performance targets planned at the beginning of
the year will not be attained - informed Janis Sics, Managing Director.
Before crisis in Russia JSC "Rigas raugs" used to export over 20% of
its produce to this country. Right now Kaliningrad region remains the
only place in Russia were yeast exports continue. Presently 10% of
"Rigas raugs" output goes to export - mainly to Russia, as well as to
Lithuania and Estonia.
This year LVL 100,000 have been invested in the company.

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