On the similar time, the corporate’s whole income for the primary three months of 2023 amounted to 4.29 million euros, which is 5.2% lower than within the first quarter of final yr.
The administration assertion of the monetary report indicated that within the first quarter of this yr, 99.6% of the corporate’s whole revenue, or 4.271 million euros, was generated by finishing up duties delegated by the Ministry of Transport. The lower in revenue was attributable to revenue from work on managing the nationwide highway community.
Within the first quarter of this yr, LVC’s revenues accounted for 20.7% of the overall deliberate for 2024, and bills – 22.6%.
The corporate’s administration additionally signifies that LVC’s earnings are seasonal and can enhance with the beginning of the development season.
LVC ensured that state administration duties delegated to the corporate had been carried out, specializing in well timed procurement bulletins and the continuing administration and oversight of state freeway upkeep applications and their elements.
The administration report additionally mentions that within the first quarter of this yr, each day upkeep of highways was carried out underneath 19 contracts as a part of each day upkeep contracts concluded on account of authorities procurement in 2022. Contract administration has gone easily, however provided that ongoing upkeep work is underfunded, methods to enhance day-to-day upkeep processes are being sought.
It has already been reported that LVC’s turnover final yr was 20.93 million euros, up 8.8% on 2022, whereas the corporate’s earnings rose 2.4% to 187,384 euros. On the similar time, within the first quarter of final yr, LVC’s turnover was 4.506 million euros and revenue was 36,392 euros.
#Turnover #Latvian #State #Roads #decreased #quarter
2024-05-28 05:40:21
