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Lithuania's East West Agro on lookout for strategic investor
BC, Vilnius, 06.03.2020.
Print version
Print versionAmid a decline in tractor sales, Lithuania's agricultural equipment trade company East West Agro (EWA) is planning to open a trade and service center in the western part of the country this year and is looking for a strategic investor, the business daily Verslo Zinios reported
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EWA says in its financial report that it is targeting 30 percent revenue growth, to 23.5 mln euros, in 2020.
The company ended 2019 with a loss of 752,000 euros, compared with a profit of 930,000 euros in 2018, as annual revenue slump down by 34% to 17.97 mln euros.
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