Lithuania, Markets and Companies, Retail
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Turnover of Norfa group grew by 16.42% in 2008
Danuta Pavilenene, BC, Vilnius, 11.02.2009.Print version
In 2008, consolidated sales of Norfa group reached 2.396 billion litas (693.6 million euros) (excluding VAT), an increase of 16.42% year-on-year.
The core of the group is the company Rivona operating in area of logistics, international transportation, real estate rent and other activities, informs ELTA.
The company belongs to the owners of Norfos Mazmena and Norfa.
In 2008, turnover of the retail trade operator Norfos Mazmena reached 1.698 billion litas (491.5 million euros) with the value added tax (VAT), which made an increase of 12.28% compared to 2007. Presently, Norfos Mazmena operates 118 retail trade centers. This year, Norfa plans to open about 10 new stores.