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Published: 2024-04-02 16:00:00 CEST
Annual report

CrossChem in Latvia closes the year 2023 with a profit of 415 thousand EUR

Chemical manufacturer and distributor CrossChem, according to its unaudited financial results in 2023 earned a net profit in the amount of 415 thousand EUR and generated revenue of 21.1 million EUR.

Olaine, 2024-04-02 16:00 CEST -- "We are satisfied with the results of 2023 due to the complex geopolitical conditions in which we had to operate. Green chemical production is not a simple job. This is due to strict national regulation, high safety requirements and constantly changing import and export conditions. Nonetheless, we believe that despite the difficulties we are aware that we are on the right path, ensuring a greener environment for all of us" says Richard Anderson, Chairman of the Board of CrossChem.

The financial report also shows that the Company's equity reached 5.51 million EUR and the total amount of assets increased by 7%, reaching 14.95 million EUR.

CrossChem is a 100% Latvian company, which is part of CrossChem International - the world's largest, independent network of AdBlue® manufacturers. The company's business is based on the production and distribution of sustainable and environmentally friendly chemical products, as well as the provision of services related to the circulation and storage of chemical goods.

         Contact person:
         Richard Anderson
         Chairman of the Management Board,
         SIA “CrossChem”
         E-mail: board@crosschem.lv
         Certified adviser:
         ZAB Eversheds Sutherland Bitāns SIA
         Contact person: Justīne Ignatavičute
         E-mail: justine.ignatavicute@eversheds-sutherland.lv
         Phone: +371 28665066

SIA CrossChem 2023 annual report.pdf