The leading electricity supplier in the Baltics, Latvenergo, reports 35.6% down in profits for 2014

  • 2015-03-04
  • By Frederic Eger
RIGA - In 2014, joint-stock power supply company ‘’Latvenergo’’ saw profits drop by 35.6 percent. In 2014, the ‘’Latvenergo’’ group achieved 1.01 billion euros in revenue and posted 29.7 million euros in profit. In 2013, the company achieved 1.09 billion euros in revenue and 46.1 euros million in profit, according to the company’s un-audited financial report submitted to the ‘’Nasdaq’’ Riga Stock Exchange. The decrease of revenue by the group was determined by the change in the accounting princip...
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