Joint-stock industrial company UPB achieved EUR 76.4 million (LVL 53.5 million) in turnover in 2012, a 32% increase on 2011, the company informed LETA/Nozare.lv.
On the other hand, UPB Holding consolidated unaudited turnover amounted to EUR 95 million (LVL 66.5 million) in 2012.
"We achieved the strategically desirable 60/40 production ratio between the companys export and local markets last year," points out UPB Holding CEO Uldis Pilens, adding that the ratio was 15/85 before the crisis.
As reported, UPB Holding posted LVL 57.3 million in consolidated turnover in 2011, a 35% increase on 2010, when the companys turnover reached EUR 50.8 million (LVL 35.6 million). The company earned 2011 with LVL 40.6 million in profit.
UPB Holding incorporates more than 40 enterprises, which are united in independently operating groups, the largest among them being Aile Group, MB Betons Group, RK Metals Group, UPB Energy Group and UPB Nams Group.
Over the past 19 years, UPB Holding has become one of the leading industrial concerns in Latvia with wide international operations.
The concerns main shareholders are Uldis Pilens with 41.28% of shares, Oskars Mors (24.54%), and Maris Mors (18.6%).
BC, Riga, 25.02.2013