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Saturday 16.12.2017 | Name days: Alvīne
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Significant value reduction – fuel trading companies

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According to the authors of this year’s “Top 101 Latvia’s most valuable companies”, value of fuel trading companies dropped the most in 2012.

Only 76 companies from last year’s list have made to this year’s. The value of 44 of them has increased; the value of 32 of them has reduced.

IBS Prudentia Associate Director Tom Dzenis noted that the value of companies that specialize in fuel trade has reduced the most. This was mostly due to the reduction of profitability of these countries, as well as the growing concern of investors. “It may be due to fuel price variations, which creates a relatively high operational risk,” – he said.

The value of companies producing alcoholic beverages and companies operating within real-estate industry has also dropped.

Economic growth is noted in companies that operate within gambling, banking, insurance and financial services industries, IT, forestry and woodworking industry, and commerce.

“The value of companies operating within different industries has increased. It is worth mentioning forestry and woodworking. Four companies of this industry have become some of the most rapidly growing ones this year. Their value has increased from 55% to 70%,” – Dzenis said.

According to the recently carried out survey, the total value of the most expensive company of 2012 was 8.4 billion LVL.

Latvienergo was the most expensive company of 2011. Swedbank was the second most expensive company, followed by Latvijas Dzelzceļš, Latvijas Valsts meži, and Latvijas Gāze.

Ref: 104.109.109.4379


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