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Sunday, 27.04.2025, 07:19
HKScan Estonia sees profit in 2016, but sales fall
BC, Tallinn, 05.07.2017.
Print version
Print versionSales of the Estonian unit of the listed Nordic meat group HKScan, owner of the meat processing company Rakvere Lihakombinaat, fell 2.1 percent to 140.3 million euros last year, while the company's profit totaled 1.3 million euros, compared with the 366,000 euros of loss it produced a year before, informs LETA/BNS.
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The company's sales volume totaled 69,502 tons, which is 6.9 percent less
than in 2015, it can be seen from the company's annual report.
The company invested 8.7 million euros in 2016. This year the company
expects to see an increase in sales, mainly as a result of export sales
strengthening.
HKScan Estonia's average workforce declined by 93 people to 1,180 employees
and wage costs from 15.4 million euros to 14.7 million euros.
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