“Galias nams – Ādaži” operated at a loss

The processing company of meat products SIA “Gaļas nams – Ādaži” closed 2021 with 628.32 thousand euros for large losses. This year, the company continues to implement its long-term strategy, developing efficient local primary production and meat processing, the result of “Lursoft“for customer portfolio data.

Losses occurred in 2021 due to the increase in the prices of raw materials, energy resources and services received, as well as the impact of adult labor costs along with the increase in the number of employees and wages. The “Lursoft” report states that the meat processing company provided jobs to 163 employees last year. “It was not possible to increase sales prices as quickly as the increase in production costs in order to maintain the competitiveness of production on the market”, reads the SIA management report “Gaļas nams – Ādaži”.

According to the data available to “Lursoft”, the last time the company worked with losses was in 2014.

Compared to 2020, last year the turnover of SIA “Gaļas nams – Ādaži” increased by 2.38%, reaching 10.68 million. EUR. The increase was influenced by price changes in the market, the introduction of new products to the market, as well as the increase in sales volumes.

In 2022 the SIA “Gaļas nams – Ādaži” paid 1.46 million in taxes to the state budget. EUR, of which EUR 0.4 million in mandatory state social security contributions and EUR 0.2 million. euro in personal income tax.

This year, SIA “Gaļas nams – Ādaži” continues to implement its long-term strategy, developing effective initial local production and processing of meat, making it even more environmentally friendly, as well as strengthening the brand, diversifying the product range and developing sales channels. “Changes in consumer habits are one of the most important directions in the company’s strategy, strengthening positions in existing and new product categories, reviewing the types of food distribution channels and implementing digital solutions,” says SIA “Gaļas nams – Ādaži “.

The real beneficiaries of the “Gaļas nams – Ādaži” SIA registered in 2009 are Yefims Ciporins and Boriss Levensons.