Latvian Coffee Producer Liepajas Kafijas Fabrika Raises 2018 Sales 4.9%

RIGA, March 12 (LETA) Liepajas Kafijas Fabrika coffee producer based in Liepaja, south-western Latvia, closed last year with a turnover of EUR 1.968 million, which is a 4.9 percent growth from 2017, and earned EUR 264,789 in profit in contrast to a loss a year ago, according to Firmas.lv business information website.

The company's financial report said that revenue in the local market accounted for 33 percent of total revenue, while export reached 67 percent. The largest export market was Ukraine.

The company plans to continue production of instant coffee and ground coffee also this year. Liepajas Kafijas Fabrika is looking for new cooperation partners and new sales markets. Its priorities will also...