CrossChem in Latvia closes the year 2023 with a profit of 415 thousand EUR

Chemical manufacturer and distributor CrossChem, according to its unaudited financial results in 2023 earned a net profit in the amount of 415 thousand EUR and generated revenue of 21.1 million EUR.

"We are satisfied with the results of 2023 due to the complex geopolitical conditions in which we had to operate. Green chemical production is not a simple job. This is due to strict national regulation, high safety requirements and constantly changing import and export conditions. Nonetheless, we believe that despite the difficulties we are aware that we are on the right path, ensuring a greener environment for all of us" says Ričards Andersons, Chairman of the Board of CrossChem.

The financial report also shows that the Company's equity reached 5.51 million EUR and the total amount of assets increased by 7%, reaching 14.95 million EUR.

About CrossChem:

SIA CrossChem is a 100% Latvian capital company, which is part of the CrossChem International group - a chain of worldwide chemical product producers and distributors. The basis of the business is the production of sustainable and environmentally friendly products, which, by combining global experience, allows to reduce costs and increase competitiveness. The company produces AdBlue®, AUS40®, liquid fertilizers and automotive products and in the meantime provides a range of services related to these products.