Latvia, Markets and Companies, Woodwork

The company's turnover in the first half-year increased by 37.4% compared to the corresponding period in 2010, when it reached LVL 23 million, writes LETA.

In the first half of 2011, Stora Enso Latvija operated with a profit, however, the exact figure is not being revealed.

Also this year, Stora Enso Latvija managed to increase its sales. At the same time, prices grew as well, therefore the company's turnover also increased, explains Deisons.

As reported, Stora Enso Latvija achieved LVL 49.7 million in turnover and LVL 2.15 million in profit in 2010.

LETA also reported, at the end of 2009, timber producer Stora Enso Timber, pulpwood export and woodworking company Stora Enso mezs, timber products wholesale companies Puumerkki and Stora Enso Timber Trading merged in order to optimize costs.