Turnover of Kool Latvija fuel retailer grows 24.1% in 2021

• Published date: 01 August 2022
• Publication title: LETA

RIGA, Aug 1 (LETA) - Kool Latvija gas stations and convenience stores chain last year generated EUR 16.989 million in turnover, which is an increase of 24.1 percent against the same period a year ago, and the company's loss decreased by half to EUR 539,469, according to information available at Firmas.lv.

The company's management noted in the annual report that in August 2021 Kool Latvija was sold to Aqua Marina, the operator Estonia's Olerex filling stations, which extended a long-term loan to Kool Latvija to refinance loans extended by the company's shareholders and ensure the company's operations.

In 2021, Kool Latvija acquired a filling station in Jelgava, increasing the number of its filling stations to ten.

The company's business plan is to set up chain of filling stations in all Latvia, catering to both corporate and retail clients.

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