Latvia's cement producer Cemex posted a turnover was €86.9 million for 2014, nearly unchanged year-on-year (2013: €87.08 million).
The company's net loss was €1.8 million which was due to the effect of the mandatory procurement component for electricity in Latvia, as well as interest and depreciation related to €290 million investment in the Broceni cement factory.
Cemex generated a €4.84 million profit in 2013, up from the suffered loss of €14.18 million in 2012.
Exports accounted for more than 70
Latvia's cement producer
The company's net loss was €1.8 million which was due to the effect of the mandatory procurement component for electricity in Latvia, as well as interest and depreciation related to €290 million investment in the Broceni cement factory.
Cemex generated a €4.84 million profit in 2013, up from the suffered loss of €14.18 million in 2012.
Exports accounted for more than 70% of the company's sales revenue in 2014.
Cemex has invested € 330 million in Latvia, including the Broceni factory.
