Used clothing dealer SIA “RDA” worked with a turnover of 7.987 million euros last year, which is 46.8% more than a year earlier, while the company’s profit increased by 10.3% and was 1.396 million euros, according to “Firmas.lv” information. .
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The management report of the annual report states that last year “RDA” carried out wholesale of used clothes in Latvia, other countries of the European Union and third countries of the world.
The management report also explains that last year’s financial results were positively influenced by the quality of production, the policy of reducing expenses and the improvement of operational efficiency. Also, last year the company received state support for the impact of 2021 Covid-19 in October and November in the amount of 391,606 euros to ensure the cash flow of current assets.
At the same time, the seasonality of customers’ purchasing power, competitive conditions, frequent changes in regulations in the country, price increases in various sectors of the economy and an acute labor shortage in the trade sector had a negative impact on the operation of “RDA” in 2022, according to the management report.
This year, “RDA” plans to increase the amount of imported second-hand goods, learning new import markets, as well as to increase the range of offered goods. On the other hand, in the coming years, it is planned to increase the amount of exports and develop new export products. “RDA” will make investments in the construction, expansion and reconstruction of production facilities, as well as in the improvement of the territory.
In 2021, “RDA” worked with a turnover of 5.44 million euros and a profit of 1.265 million euros.
The company was registered in 2004, and its share capital is 2840 euros. “RDA” is owned equally by Anda Dižkalpa and Raimonds Dižkalpa.
2023-06-06 13:19:37
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