Latvian confectioner and pastry producer Staburadze has reported net profits worth 47,760 lats (US$79,262) for the month of July.
This reveals a clear improvement on July 2001, when the company reported net losses 109,000 lats. Export volumes nearly tripled, while domestic sales rose 39%, including cookies up 58% and wafe products up 28%.
During the first seven months of 2002 Staburadze suffered a loss of 87,200 lats on net sales of 2.45 million lats.
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