L. J. LINEN 2022 audited annual financial report
L. J. LINEN has published 2022 audited annual report. The report has been enclosed to the announcement and will be made available on the company’s homepage www.ljlinen.com
L. J. LINEN closed the year 2022 with a profit of EUR 4 256 831, an increase of 53% compared to 2021, and an increase in turnover of EUR 14 530 716 or 51% compared to 2021, mainly due to the existing sales growth as well as expansion into new market segments. This was mainly achieved by offering alternative products to those who were hampered by the war in Ukraine and experienced supply chain disruptions. In this case, L. J. LINEN was able to more easily convince both existing and new clients of the need to diversify and use a wider range of raw materials.
L. J. LINEN plans to significantly increase its turnover in the 2023 and continue to develop sales of new products and enter new markets, thus reducing its dependence on one region and reducing the regional impact on the company as a whole.
About L. J. LINEN:
L. J. LINEN is engaged in the sale of animal by-products and the provision of a tailored agricultural supply chain to market leaders. L. J. LINEN provides a seamless, full-cycle door-to-door sales and delivery service - the company is as a bridge between raw material producers and producers of animal feed, biofuels and human food. L. J. LINEN’s shareholders have in-depth knowledge and they expertise in the sale of these components for almost 30 years that has facilitated cooperation with clients in 46 markets. The company is a supplier to some of the world's largest animal feed manufacturers and is one of the largest exporters of these ingredients to developing countries.
Monta Tija Brakovska
SIA “L. J. LINEN”
Treasury manager
Phone: (+371) 29942431
Email: monta.brakovska@ljlinen.com
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