Losses of Latvia Post in first six months
In the first half of the year, Latvia Post (LP) posted LVL 1.253 million in losses, which is 5.3 times less when compared to the first six months of 2007, when the postal company was LVL 6.681 million in the red, LP’s general director Ivars Krauklis told members of the press.
Krauklis explained that since February of this year, when the company’s new board began work, the company has stabilized its financial situation and has implemented measures in achieving the company’s strategic goals.
In the first six months of the year, compared to the first six months of 2007, the company has increased earnings by 39 percent. For LP to continue to improve its financial situation, LP has developed not only transparent delivery tariffs, but has also simplified it business cooperation with publishers.
1 US Dollar (USD) = 0.47973 Latvian Lats (LVL)
In the first half of the year, Latvia Post (LP) posted LVL 1.253 million in losses, which is 5.3 times less when compared to the first six months of 2007, when the postal company was LVL 6.681 million in the red, LP’s general director Ivars Krauklis told members of the press.
Krauklis explained that since February of this year, when the company’s new board began work, the company has stabilized its financial situation and has implemented measures in achieving the company’s strategic goals.
In the first six months of the year, compared to the first six months of 2007, the company has increased earnings by 39 percent. For LP to continue to improve its financial situation, LP has developed not only transparent delivery tariffs, but has also simplified it business cooperation with publishers.
1 US Dollar (USD) = 0.47973 Latvian Lats (LVL)
