Latvian–Israeli Poultry Venture Reports Huge Profits

LATVIA - The Lielzeltini Latvian-Israeli poultry joint venture in Latvia recorded a profit worth LVL750,000 (USD1.38 million) in 2006, nine times the company’s profit in 2005, according to Baltic Business News.
calendar icon 26 January 2007
clock icon 2 minute read

Company turnover in 2006 of around LVL11 million (USD20.3 million) was 47 per cent higher year-on-year. Lielzeltini put into operation a new mixed feed factory in 2006 that not only supplies the company but also the Kekava poultry producer.

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