Baltic Business Logistic System – Latvija boosts sales by 50pct in 2004

Baltic Logistic System-Latvija (BLS), an express delivery company selling services under Bizpak trademark, may have operated at some 1 million euros or some 703,000 lats sales in 2004, up some 50 percent on 2003, when the sales were 463,000 lats, the company reported.

BLS would not reveal the expected profit or loss figure for 2004. In 2003 the company was 238,000 lats in the red.

BLS said the number of entities using express delivery services is constantly growing in Latvia, pushing the number of deliveries last year up almost two times on 2003.

For 2005 the company expects surge in domestic deliveries “amid growing understanding on market of benefits provided by delivery services”. Sufficient growth is expected for international deliveries as well.

All in all though BLS expects slower growth in 2005 than in 2004.

BLS last year was taken over by GeoPost, a subsidiary of France’s postal group La Poste Groupe, operating under DPD trademark.

In the first nine months of 2004 BLS had 20 percent market share in express delivery service market, ranking as number two on the market after the national postal company Latvijas Pasts.

(EUR 1 = LVL 0.7028)

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