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“Eden Springs Latvia” worked at a loss last year

The producer and trader of prepackaged drinking water SIA “Eden Springs Latvia” stated in its submitted management report that in 2021 it faced the problems caused by the Covid-19 pandemic – the average turnover from the customer decreased, costs increased. For this reason, SIA “Eden Springs Latvia” continues to optimize the costs of economic activity in order to increase the company’s profitability and liquidity, informs “Lursoft Client portfolio”.

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“Lursoft” has investigated that the turnover of SIA “Eden Springs Latvia” increased by 10.07% in the past year, reaching 3.48 million euros. The company has continued to work with losses, last year they reached 213.10 thousand euros. The parent company “Eden Springs Scandinavia” AB has so far provided SIA “Eden springs Latvia” with the necessary financing cash flow and plans to provide it in the future as well. The management report states that the parent company intends to increase the share capital of SIA “Eden Springs Latvia” by 250 thousand euros. Currently, it is 2.14 million euros.

“Eden Springs Latvia”, registered in 1998, is an employer of 59 employees. Last year, the company paid 923.55 thousand euros in tax payments to the state budget, including 333.13 thousand euros in mandatory state social insurance contributions and 153.05 thousand euros in personal income tax.

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