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Saturday, 01.03.2025, 18:00
Mego losses decrease in 2013
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The company's losses totaled EUR 82,021 in 2013, which 5.8 times less than in 2012 when the company's losses amounted to EUR 480,076. Meanwhile, the company's turnover decreased by 2% - from EUR 45.39 million in 2012 to EUR 44.11 million in 2013.
The company's management report indicates that in 2013 Mego continued to optimize costs and invest in improving its retail outlets. Last year, Mego opened a new store in Baldone (Central Latvia).
In March 2013, the Mego shareholders began discussions with former Iki store chain operator Palink to acquire 100% of the company's capital shares. On April 1 this year, the Iki acquisition deal was concluded, it stipulates that 51 Iki stores will continue operating under the Mego brand.
At the end of July, 60% of Iki stores were merged with Mego, board member of Mego Irena Hupenija informed the business portal "Nozare.lv".
She indicated that the remaining 40 percent of Iki stores could be merged in a time period between September 1 and October 15.
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