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Last year, the company’s profit also decreased by approximately 10%, which decreased to 300.84 thousand euros. The decrease in profits was not only caused by the impact of the pandemic, but also by the increase in production costs.
“In general, competition in the sector increased in 2021 due to the entry of new market players, as well as due to the pandemic, most restaurants started home delivery, while the existing market participants tried to increase their positions,” explains SIA “Later LTD”.
Information available to “Lursoft” shows that in the past year SIA “Later LTD” was the employer of 188 employees. It has paid 473.64 thousand euros in mandatory state social insurance contributions, and 203.01 thousand euros in personal income tax. Also last year, SIA “Later LTD” actively used the support opportunities provided by the state. The company has repeatedly received grants to ensure the flow of working capital, as well as paid wage subsidies and downtime benefits, according to “Lursoft Client portfolio”.
This year, SIA “Later LTD” has set the goal of achieving an ever-increasing market share as its main task. Work on strict optimization and control of costs, as well as the implementation of new solutions to improve the level of customer service and operational efficiency, will be continued.
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